How zoning can Ruin a Neighborhood.

How can Zoning Ruin a Neighborhood?

 This is what I was think as I was driving around Long Beach doing an Appraisal. As I was driving the street it was painfully easy to see how improper zoning had destroyed what was once a nice neighborhood.

 Let me catch some of you up. Back in the late 1980’s to early 1990’s there was a boom of 4,6 and 8 unit apartments being built on lots, that previously had older single family homes or duplexes. These new apartments were typically one level of garages with two levels of apartments on top. These sprouted up all over Long Beach, but are most prevalent between Anaheim Street and PCH.

 Neighborhood density immediately grew as new tenants filled the apartments. The streets became over crowed with cars due to the lack of parking in the new apartments. Crime also increased during this time.

 Had the city had some foresight and not been so shortsighted and seeing short term revenue, they could have changed the zoning to only allow duplexes. The area could have been saved and perhaps the values would different then they are now. The city recently converted one of these into a condo in hopes that it will promote more pride and responsibility for the area.

 So, know your zoning!

If you have any appraisal related needs in the Long Beach or Southern California Area, please call me at 562-673-1138

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July 6, 2011   No Comments

Total # of Appraisers in Long Beach

I was curious as to the total number of appraiser there are in the city of Long Beach

 I went to the OREA website looked them up. Then, I decided to see how many are independent fee appraisers and how many are not. Any appraiser listed as working for a bank or a government agency I assume are not independent fee appraisers.

So, we have a Total of 149 Appraisers in Long Beach, of which, 140 are Independent Fee Appraisers. Look at the number of Trainees, only 14. Do you think we are going to have a problem in the future as some Appraisers retire or leave the industry? That is a different topic all together.

 Next I was curious to see how many closed sales of Condos and SFR’s there were in Long Beach for the past 4 months. I also wanted to see how this would average out to work for those Appraisers. I did not include Certified General Appraisers since they focus mainly on Commercial work. I also did not include Trainees since they can not really do work on there own. That left only Certified Residential and Licensed Residential Appraisers, a total of 84.

 I then took the total number of closed sales and divided that by the number of Fee Appraisers, as you can see that was between 2.7-3.0 Appraisals per Appraiser in Long beach, not including January. I guessed at a conservative post HVCC/AMC fee for an appraisal of $300. Basically each Appraiser would be making $775 -$866 per month.

 

Wow!

This does not include the fact that appraisers from other areas come to Long Beach.

 Basically, there is not enough work for the Appraiser that remain to make a decent living on, couple that with the low fees being paid and the fact that we lost most of our clients when the HVCC went into effect, it is no wonder the ranks are thinning.

To me this looks like a good argument to band together and demand a higher fee.

 What do you think?

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January 21, 2011   No Comments