Those who don't factor in capital expenditures and may be content with just having their mortgage paid for because they were greedy and bought at a high price back in 06 or 07.

My takeaway was that they were trying to be greedy with me and wanted to bump me up a bit more and they lost the deal because of it. 

I think that "affordable" in the 30% realm would be $650 - $700k if I were just a house shopper.The market is so much a sellers market in LA right now, so when I think about being "fearful when others are greedy, and greedy when others are fearful", I come out fearful right now.

We are not greedy and believe in sharing the wealth for a job well done.

And like here in the US you cannot buy a single hotel room.. it would need to be condo converted to do that.but that did not stop these folks talking Aussie investors into it because they simply did not know better and they were promising 40% apr so they got the greedy investor to jump on.

You heard the saying that you should be greedy when others are fearful?  

Get your offer in and hope that the only other investors that see it are greedy.

Bitcoins are more suitable for day traders or FX traders. 

I'm wanting to see the pigs get slaughtered, I want to see wholesalers go back to making 5-10k on a property and not getting greedy thinking they need 20k per deal.

Yes, I got greedy and it stung.