That is what you're gambling.

Again, by the water would be nice to keep my kids busy and entertained.What I can trade you for: a week into a similar size mountain cabin in the CO mountains, by Pikes Peak, 2 hrs from Denver, extremely private, minutes close to gambling town, fishing, hunting, hiking or other mountain type attractions.

Jason,Not being a LV Native, I wanted to know who Moe isMoe Greene was a renowned Jewish mobster and former executioner for Murder Incorporated, credited with the development of Las Vegas into a gambling and Actually, that is a good point, how do you check out who your neighbors are when selecting a property ?

If I compare it to Australia, where I get app. 4-5% rental return and hope to get 10% cap gain (maybe, if things go downhill and I'm very, very lucky)- ill take the 15% in the bank any day - not relying on capital gain means, for me, freedom from a lot of the economic speculating (gambling) and uncertainty.

You may dispute my gambling analogy, but owning rental property is absolutely gambling.

The numbers usually don't make a lot of sense, and "investing" with the primary goal of getting appreciation is speculative at best, and would be considered gambling by some.Don't get to hung up on the 2% rule.

It's a bit of a gamble, though - both because your predictions have to be very close to reality, and because you never know what the market will do by the time you try to re-lease/sell.

If you take that gamble you'll lose.

But that's always the gamble.

http://www.pbs.org/wgbh/pages/frontline/retirement-gamble/Amazing what a difference the 2% fee average fund fee makes over a lifetime.