Appreciation is speculation a form of legal gambling.  

Naperville is a good place to buy and hold for appreciation but personally I think of that strategy as gambling.

But buying at retail value simply based on the hope that values will continue to rise is like gambling.

I had a great conversation with an experienced borrower from the UK yesterday, a very colorful character from London.

A little background: I'm 35, have never owned a home and have moved around quite a bit for work - DC, UK, and now St.

The point is, it's a gamble.

I'm currently living in England (UK) and will be moving to Southern California next Summer.

I owned a bar with an apartment in the Dominican Republic when I went to college and It was so frustrating to be so far away and have to rely on local boots on the ground to relay data (in fact the manager spent all my cash for the project on a gambling Christmas cocaine party, ended up in jail and my boat got stolen by some Haitians trying to migrate to Florida but thats a whole different story).

The deal was up 70% in 2 years which was a great 35% ROI a year but I think the GP wanted to gamble and go for the 120% in four years which people can argue if it was the right choice in this sellers market.

I am a British guy who has property i rent out in the UK and Ireland and i am looking to buy obviously cheap property to rent out in Detroit.