When you buy homes above $150,000 - you may not cash-flow but you may potentially make money on appreciation(speculation).One thing to be wary about when buying a co-op is if they will let you sublease the property. 

In Hyman Minsky's economic teachings he states:"The Financial Instability Hypothesis suggests that over periods of prolonged prosperity, capitalist economies tend to move from a financial structure dominated by hedge finance (stable) to a structure that increasingly emphasizes speculative and Ponzi finance (unstable)."

The Chinese government is loathe to allow the speculators to profit, but the longer it holds out, the more the appreciation eventually will have to be.

I am leaning toward the condo conversion simply because I have no signed offer on those two buildings, so in some respect that's mere speculation on whether or not that company will actually follow through on their word and sell them to me.

A great way to generate some money for what is really a land speculation deal.

People who had no business speculating on the homes they live in is stupid.

Personally, I would like to see some return, especially for as big as down payment as 50%.What you're really doing is "speculating".

Another thing to consider is that Airdna provides more speculative rates compared to platforms like pricelabs, rabbu, transparent, etc.

Nevertheless, this section is perhaps the most important component of the PPM because it outlines the factors that make the offering risky or speculative.

I would prefer to start amortizing now because the numbers work than speculate for the future home runs like many other investors.