At some point (if not already), buyers will be legitimately priced out of the market.However, Buffet is more well known for his quote that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.”Especially in New York City, this is a golden time to get in the market when interest rates are low and housing prices have softened.

In theory all of those things work.. in reality they rarely do if your not in the business full time IE  an agent or broker.. on the street level .and its regional as hell .. in some markets you can trade real estate like a used car broker you can buy properties for 5 to 20k each and do something with them.in other markets that is not enough money for a earnest money deposit .. so market matters.. your goals matter of course and your ability to capture capital or financing.Keep in mind Brandon is and has invest at least in the beginning when he used to actually participate on the forums.. in a little town on in central coastal Wa. that was basically dead and dying timber AG fishing town.. and properties were not expensive and you had motivated sellers.. he was not in Seattle..

The saying "Be greedy when others are fearful" kept singing in my head.

The School District just blew me off the greedy bastards!

I don't want to be greedy but does anyone out there never increase rent on a long term tenant?

Be greedy when others are fearful.

I got greedy, over confident, and was being "too nice." 

Your PM is not being greedy here, and you should be aware of that.  

They are only going to see you as the greedy landlord trying to screw them over and they will screw you over the moment it suites them.My company runs a $40M+ portfolio so I am one of the more well known landlords in my area and we are very active in the community and on social media.

I am probably one of the few landlords that is not so greedy to only care about my cash flow.