It's much easier and more tangible to judge yourself and others on external things. 

@Don Konipol   I go right back to my Jet fuel brokering analogy.. your right Don  they don't and they won'twhan these tapes and things started coming out in 06 I tried very hard to buy one got funds into escrow 5.5 million ( small dollars it was suppose to be a hand picked IndyMac tape) the address checked out they were in PDX metro  and even the code box's worked..

Someone mentioned speculation, that is not estimating appreciation really, speculation usually hopes for a greater valuation in a short period due to external influences, such as a highway change, a change in zonning, a new market influence such as a large business or public park being located nearby the subject and it generally applies to raw land more than a residence.

His handpicked president that took over did very well..

To me, the biggest "poor" behavior is believing that external forces control your financial well being, not you.

The way it seems to be advertised in my area suggests that there will be no out of pocket for his "hand picked few" That it's all going to come from his million plus investors.

James Bowie Pros: “Podio Lite is free up to 5 employee seats, up to 5 external teams”, used by over 400,000 for collaboration, mentioned several times on BP Cons: Need to build projects from scratch, not designed for real estateCost: Podio Teams ($9 per employee/month, 20% off annual subscription): unlimited number of employee seats; unlimited number of external teams; Podio apps and core features.Podio Business (by quote): unlimited number of employee seats (discounts for larger teams); unlimited number of external teams; Podio apps and core features; access right and control; personalized training and support.Evernote: Is a document repository.

He hasn’t sent us a single hand-picked deal, only MLS portal auto-alerts.

But using 10% assuming no external contributions you are probably looking at doubling your money every 7 years and getting to $1.2M in about 14 years. 

People should be able to do what they want with their properties (obviously taking into account local rules about noise/parking which have externalities to neighbors).