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yes, but like most things worth pursuing, its a thorny problem, largely for economic and sociopolitical reasons, but also technical. as you probably know, AVMs
by clairity 5y ago
yes, but like most things worth pursuing, its a thorny problem, largely for economic and sociopolitical reasons, but also technical.
as you probably know, AVMs (automated valuation models) have been the hotness over the past few decades, but zillow (recently, but all along too) has shown the real limitation of AVMs. in theory, the likes of google and apple have enough geospatial data to create good land value AVMs, but you really still need appraisers on the ground for hyperlocal adjustments that just don't get captured in the AVM data and/or model. and that's all before the politicians, bureaucrats, and competing public interests get involved.