He was talking about gambling, however this rule can be applied to REI and other informed business ventures.Just the two cents of a newbie with a extremely conservative view on REI.

You're gambling with your "seed money". 

I'm not interested in gambling where if anything goes wrong (and with notes there's almost always something going unexpected) you break even or lose money.The fact that most small-buyer-friendly companies closed or aren't selling is hurting, too.

We gambled with the hope of profiting from Appreciation.

It would be a gamble because I dont have a lot of capital to cover the potential vacancies.

I gambled before like many people.

.- I have reviewed commercial leases--caveat: not nearly as many as other contributors here--and have yet to see one that caps uncontrollable expenses, which would include property tax.

One bitcoin stock I own just split 91 to 1 so that whole world is a little nuts and just a speculation gamble currently.

However, it's no secret that EVERYWHERE that people like to live is at (or close to) an all time high price point in the cycle right now.You're in the gambling capital.

I am not a lawyer and you can gamble on semantics if you wish.