Its hard to gamble with downtown right now when there is some very strong potential just in the normal market.And when you state that the current projects are doing fairly, if not very, well, I think that is very relative also.

buying re, and basing all your profit (and success) on the possibility of it appreciating sounds more like gambling then investing.

Then, they are going to agree on an option price that's above market *and* doesn't mind putting down a 5K non-refundable deposit to take the gamble that he's going to be able to fix any problems that wouldn't allow him to buy that house outright in the first place.

If you are gambling on the property appreciating then you are just gambling.

but guaranteed appreciation isn't likely, so you're really kind of gambling...

Now, if there is some concerted efforts by foreigners to buy up Detroit, that is interesting, but a huge gamble IMO.

You can head to Colorado/Utah if you like skiing or Montana for wilderness, Vegas if you like gambling/nightlife [might not be the best idea since you have a 14 y/o traveling with you]My friends got some nice deals on Kayak (check out the vacation tab).

The other thing I am considering is that my area always has several condos available for sale on the same street as me that then become occupied quickly (Proctor and Gamble employees make up 80% of the clients).

Some people just make a bad decision once in their life and then they are labeled and treated like they will forever be the scum of the earth.Just do a search for a list of felonies:Issuing a false certificate 175.40Sports bribe receiving 180.45Tampering with a sports contest in the first degree 180.51Rent gouging in the first degree 180.57Unlawful possession of a skimmer device in the first degree 190.86Promoting gambling in the first degree 225.10Possession of gambling records in the first degree 225.20Gaming fraud in the first degree 225.60Possession of unlawful gaming property in the second degree 225.75Use of unlawful gaming property 225.85Obscenity in the second degree 235.06Eavesdropping 250.05

I got tired of each and every month feeling like im pulling a las vegas gambling machine switch wondering if im going t8 get my rent for the month.