on one of your post a reply came back that your comparing oranges to Iceberg lettuce and for sure you are when you compare vegas and Memphis.What caused the meltdown in Vegas and PhX  @David Faulkner  well I can tell youVegas relys on gambling and tourism in the crash any tourist city and gambling city got hurtand then for rentals  what killed that market and phx is that a very large portion of your renters were in the building trades subcontractors laborers etc etc.. building came to a complete STOP.. those thousands upon thousands of jobs left.. and most of those folks rented.Memphis is a rental city and has basically always been one with about 50 to 55% of pop are renters.

That being said, no one knows where the line will be drawn with gentrification, so it's a gamble either way.

I'd never invest for the potential of appreciation alone, it's a silly gamble.  

Lastly, this amateurish notion that appreciation is merely whimsical speculation, fitful gambling, etc. has been debunked many times on BP.

We've got an international airport, major professional sports teams, night life, culture, art and more.

Second, the judge looks into their finance and see they don't have anything or much, and may give you the win, but a much less amount to give them a chance not to be homeless or whatever it may be (this really depends on the laws of your state and the judge, too many unknowns IMO to gamble).

That's too big a gamble for 50.00....no matter if you're rich or poop....that's just crazy to take a potential tenants money like that up front when it's not a for sure deal.

If you aren't a fan of the local sports team, it's best to not get into to conversations about them either.

Some people want to buy sports cars, I want to buy real estate.  

This just boils down to a question of ethics and integrity as apposed to the few dollars that may be saved today and the gamble that you may get away without and repercussions.