I think it comes down to mindset and ones upbringing on how they perceive money.

I think whether or not you're vested in the city carries some weight as to how you perceive the situation & your future outlook (or desires).- I'm interested to see if this will be a temporary shift, or a long term impact that could take years/decades to come back to 2019 heights? 

It is also perceived as far away but the transport is excellent and I get about quicker than some friends in far reaches of Brooklyn. 

first, if you have your buyers list ready BEFORE you contract a property, you will have an advantage. because if you take an investor to the property early in your contract, he has to wait a month or two if he wants to go around you. and if he seems shady you can try to match another buyer before the 1st idiot can go around your back.you are going to find people like this everywhere, its a result of the bottom-line thinking that is becoming so popular in america. everyone wants to cut out anyone who is perceived as a "middleman." but the important key is, is this person adding value?

Where the jobs are compared to the rail termini and stations will determine the perceived value of rail transit and, thus, rail's impact on property values.Dunno if this helps...

When I enter in the bid amount, it instantly tells me that the offer is to low compared to their perceived value.

They also aren't wealthy enough to implement buying everything they need and thus they need to take calculated hedging positions to account for perceived risk.

As many of you have said if I price it to low there will be no perceived value and too high no one will come.

Where they can be found is NO secret and the bank will take the strongest offer.There are thousands of REO properties to be found, that are under perceived "market value," however in CA "market value" is very subjective.Most REO transactions take longer to close than a traditional transactions and there are obstacles to overcome, even in the best case scenario.I have represented many clients, in which an REO property LOST value during the transaction period.Where I do see an investing opportunity is as follows:Best case, look for a short sale in which the inventory is stale and the bank wants the property off the books.

Here is why FHA will only discount the house at a max of 84% if its conventional usually they will go a max of 80% of their perceived value.