Interest on loans for personal use (new car, fixing the roof on your home, new home, gambling in Vegas) cannot be deducted.

Buying new construction and betting on appreciation is gambling, not investing.

As rents go unpaid, or public funding runs low (as there is no one to pay the property taxes), this invariably leads to slum-like, crime ridden housing estates, much like happened in the UK in the late 1960's and 1970's, before Margaret Thatcher began selling off these 'Council Houses' to private owners and investors.

I find his videos about the gambling guys to be particularly interesting.

both.. some nasty marketing companies came to your countries and really put a lot of your folks smack dab into the hood... 5 to 9% returns are realistic over that your gambling and your probably going to wish you had just bought close to home

My take on the appreciation question is that investing for appreciation amounts to speculation, and for that read "gambling".

It is still a gamble but a gamble that usually pays off to those that remember the cycle.

I suppose that is just part of the gamble of the game.

It is an area with over 300 days on sunshine per year, gateway to MANY National/State parks and 40 miles from Gambling or 100 miles to Vegas for fun.

But a chunk would need to into real estate.From a gambling perspective, the jackpot is big enough its actually a good bet to play.