LOL I just get those spam emails saying that they are some beneficianry to some large amount of money and want my contact info so they can arrange a transfer in exchange for a cut of the money lol yeah riggggggggggggggght :roll:

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..."

So if we are going to have rules (other than caveat emptor) than it is important that everyone follow them.I don't fill out credit card applications from finance companies I have never heard of that spam my email inbox.  

Yes, there are laws against spamming and robo calling, etc., however; if someone is a neighbor or lives in your community, and you see their property is vacant, it's still legal to contact them.