We have spent around $20,000 in reports and surveys to prepare the property for new constructionThe main issue I'm facing is that I don't think we can build this on speculation because our construction loan interest will put us upside down if it sits on the market more than 30 days.

You may gain from appreciation and have some good equity over the next few years, but that is speculation.

To me, it is speculation or gambling.

Only speculation, but there are only so many reasons.1.

It’s a great government boost To cover the cost of my student debt.There's been a lot of media coverage re: PSLF program, so I won't get into the details, but 1) there's a lot of speculation about whether it'll exist in the next 5-10 years, 2) if it doesn't, what will happen to the people currently enrolled in the program and 3) there are many cases where after 10 years of payments, people find out they don't end up being approved.Based on your calculation, it looks like you're just paying off the interest portion and making no dent to the principle amount, if any.

Plus, I would not want to be holding and speculating on whether oil goes up anytime soon.I would just sell it and do something good with your profits.

You would be speculating (entirely or to an extent) if you built new. 

Be careful making speculations.

Success can be delayed if we get another 2009 style crash, but ultimately if your finances are solid and you can weather the storm, any house that fits those criteria will make you money.The people who get in trouble are speculators who overextend themselves based on assuming wildly inaccurate projects of the future will come true (ex.

Without knowing their needs, everything you offer is just speculation.