I have good reasons to think that but it's hard to stick to my guns and stay out of the market.)I'm primarily taking exception to your characterization about how bubbles operate in futures markets.

But these are almost always leveraged offerings which, as pointed out by others, subjects the IRA to UDFI.UDFI is sometimes characterized by custodians as "the problem you want to have." 

The business model, it seems to me, can be fairly characterized as, "Find an unsophisticated seller not represented by an agent, preferably one who is in a desperate situation financially.  

Hedge funds (often characterized as dumb money) don't even buy 1%ers in the Houston and Dallas markets. 

Alex, I disagree with your characterization.

You need to have some material participation OTHER THAN solely selling securities in any sponsoring entity to avoid being characterized as an unlicensed broker-dealer.  

Lee Ripma I like where you're going with it, and I agree with your characterization of the trend.

Cleveland in particular is located in the rust belt, which is characterized by losing population over the last 40 years. 

Recently acquired, the balcony is in poor condition, characterized by aged and rotted wood.

Reason being is there will be a lot of geotechnical engineering involved and you will need to spend money having holes drilled to characterize the soil and then have engineered plans drawn up.