Most over leveraged owners are like addicted gamblers, they don't believe they have a problem (over leveraged) until the market turns and they go broke/bankrupt.

Gamblers hope for the big pay off that may show up with a $100 bet on my conversation with Jack.

I feel like a gambler who got pretty lucky in Austin and I would like to get out of there while I'm ahead, as it is still a correcting market and houses are quite expensive.

Keep in mind GDP is not income and taxes, thus we are far above our economic spending level.Drunks, drug addicts and gamblers have to hit bottom before they will self correct.  

So you're a gambler then?

A drunk , drug addict, gambler always needs one more fix and you are helping them.  

I'm a gambler so I would go for it, but what is your risk tolerance?

I’ve expanded my sources of leads, but that’s a longer term project as when we establish new sources we become swamped with submissions of deals bearing no relation to our published criteria; at risk levels a river boat gambler wouldn’t touch, or flat out the source just shotgunning whatever crap comes across his desk, without even reading the documentation.  

I can be a bit of a gambler, and I'm accustomed to just pulling the trigger and either succeeding or learning from empirical data, but I feel like I'm handcuffed for the near future.In any case, I'm just here to dump some of my crazy into the world and see what conversations spark up.

Stocks are a gamble- real estate- if you know what you're doing- is an investment.