However; it's very rare to get that if you don't have any kind of track record, as they are gambling that you're going to get a construciton loan and be able to build the project at the price you say you can, and finish it in the time frame.

There was some research on this think it was Zillow article and Facebook IPO.If I remember right a few neighborhoods saw a slight increase...I wouldn't buy a house looking to sell after IPOs...if you want to gamble buy stocks or go to the casino.

One could also take up such activities as gambling.

I mean its a bad market, and you gamble with depreciation, but never that.

thread: "Quote: But anyone who thinks that appreciation is going to bail them out of a low or negative cashflow situation is gambling, pure and simple.

I think you would be buying for appreciation which looks good right now but is a major gamble.

I don't like gambling unless I already forced equity into the property.If you have some patience and are shopping for yourself I would avoid the MLS for deals in your area, they really aren't there anymore.

Otherwise it would be a gamble.

Long story short.....I was a pizza delivery guy in an area where there were lots of bars with video gambling machines (illegal but not really enforced).I had NO desire to play them....I wanted to OWN that non-taxable (illegal) income stream!!!!   

Not because they are both gambling, but because the number one rule for both is the same..."