Additionally, what the present owner paid for the property fifteen years ago has little bearing on its present value ... though it may influence the owner's expectations.

., nearness to freeways, shopping, and other facts that might influence a buyer).

Besides  being the "Next Portland" or a better version of itself, Pittsburgh has really been dubbed as the 2nd "Silicon Valley" with it's tech influence largely funded by big named companies such as Google, Apple, Facebook, Autodesk, Uber and Ford AI Initiative among others who have set up shop here.

So its happened before.We have false markets again in many markets.. and much of this created by the out of state investor seeking yield... if no out of country out of state or out of area buyer ever bought a rental in any mid western market  and those markets were 100% relying on local investors your values would not be were they are today.. they are higher because of highly organized and funded marketing campaigns to bring in investors who would without these outside influence's ever have looked at those as possible investments.. its the CA concondrum,  Same with Australia were they bought literlay multi thousands of US sFR's because average price of home in Sydney is 900k or so.. same thought process.  

Hey guys, I'm putting together a comprehensive list of the best Real Estate books (investing, development, strategy, psychology, influencers, ect.)

Lenders are required to order appraisals from an appraisal management company (AMC) and are prohibited from using any means to influence the appraiser's opinion of value.

Subsequently I have seen how perception influences how people treat you.

First get out in the public and meet people, get referrals, start building a base of persons who can act as a center of influence and refer the public to you.

When you buy at the courthouse step, like you did for your foreclosure purchase, the sale is a foreced sale and is not based on a "typical buyer" sale and is not without "undue pressure or influence".

I'm heavily influenced by several family members that had most of their equity wiped out during the last bubble pop.