When your average person approaches a bank to borrow $1M+, etc to buy an apartment building, in the bank's eyes-the person is "ugly" at that point and you are like the "emperor with no clothes" if you will.  

:BP needs to coin a phrase for the opposite of irrational exuberance, where people think real estate is forever bound to fail because an artificial bubble popped a decade ago "The sky is falling", or "The Emperor's new clothes"?

Well, it may sound like a joke but if you look at all the tyrants, emperors and such, they are all mostly small, ugly man who everyone beat on in school and who could never get the girl (Hitler, Napoleon, Alexander the great, Hugo Chavez..., etc. ) You'd never see a Brad Pitt look-a-like who is or was a tyrant, would you?

At some point, you have an empire to run, and emperors are usually not best served digging moats or fixing bayonets.

Caviar emperor ;-)

See my blog post about ARV's from wholesalers and others with that "magical" touch.https://www.biggerpockets.com/blogs/8070/51749-the-emperors-new-arv

But no one wanted to look stupid by admitting "The emperor had no clothes." 

All Real Estate Empire emperor types.

Oftentimes, the one who is brave enough to say "The Emperor Has No Clothes!"

Much as I would like everyone to know me as Emperor of the Universe, there’s a more important reason to keep your card neutral and with no title.If you’re lucky, those in the industry that you hand your card to might understand what a wholesaler is.