Interesting
Distressed sale: ASHI sold their building for less than they bought it for 26 years ago.
That’s rough. You would think they, of all types of companies would understand the market…
“Distressed sale: ASHI sold their building for less than they bought it for 26 years ago”
Is this a crappy neighborhood or market?
No one who was around in the early 2000’s could have seen this coming, except maybe Nick. ASHI was built on a tiered closed protocol to proprietary data and certifications when the information age was exploding and online education was becoming the norm. Home Inspectors who understood how to judge value found the NACHI model more agreeable to their pocketbooks and the non-tiered structure was far more egalitarian especially when many of us who migrated to home inspection had been in business previously, and many of us had extensive construction experience.
I started in 2000 and was taught and worked for a several time past president of NAHI. Despite his influence it was easy to see that ASHI was by far the more successful association at the time. ASHI and NAHI had quite a few battles over the years and I about fell off my chair at a conference around 2019 when ASHI welcomed the NAHI members in after it fell. Back in 2000 ASHI had quite the presence in the industry… funny to see things play out this way. I wonder what all the old gray-hair agents insisting an ASHI inspector are going to do when there is no such thing
Was the structure in distress resulting in the huge price drop? Possible water damage from all the crying inside?