I have about 20k in the bank and am willing to gamble it on a big return.  

The sexy areas are a gamble on appreciation, I'd look for cash flow.I'm in Houston and can't touch anything within a 5 mile radius of my house where rent numbers work.

I have always been pretty frugal and think some things are a waste (gambling or designer clothes) but some things are worth the spending (travel)  I was actually in Vegas this past weekend with some friends who were gamblers.  

hahaha i live next to google office but i never bragging to promote this market as i can say this and that fabulous tech market haha lolif boise going to have lot more tech company i may run away from them because that would be the first indication that there would be affordability issue.i am also okay if my market is being critized a lot hahaha, it's not my market literally WTH LOL but seriously this CA market is on pivot right now, we're on edge, most tech company can't sustain living and paying CA salary that's why under the surface we started offshoring all the jobs to india, austin or ohio LOL LOL LOLunder the surface there're huge crack in CA and USA economy mannnn

Well, that's not investing my friend, that's gambling, and ANDY IS THE HOUSE. 

I would sell now and take the loss as opposed to gambling and risking a greater loss in the future.

There is always an opportunity cost with waiting or trying to gamble. 

Are you willing to gamble the $2,500 that your going to find a buyer?

Then it's the gamble of did you get a added 15, 20 or the coveted 30% off added coupon??????

It could appreciate but I consider that gambling.