They should know what’s real and what’s speculation.

San Bernidino and Riverside county which are huge there are easily a million platted vacant lots that were done by RE speculators back in the turn of 1900 to 1940s.

Pros: No maintenance / no tenant / no insuranceCons: No cash flow / No leverage / Appreciation is based on speculations.

This leads me to speculate that in the far future when Atlanta becomes the big city I think it’ll be, this Condo will probably be worth a lot more in the future, so this is actually an ideal unit for a long term buy and hold (if you have other cashflow to deal with the expenses).ExpensesI’m just going to post a picture of the spreadsheet I used for this.Excluding the Mortgage, the four main expenses here are the HOA fees, Taxes, Property management fees for when expansion occurs, and vacancy being tied with Property Management Fee.

Looking forward to seeing less speculators (like before) and seeing more investors rehabbing (like I'm seeing a bit more now).

Some , such as Denver appear to be in a bubble where the prices of homes are rising way faster than the price of rent (12% vs 8%) indicating speculation on home prices.I love speculation, once I am already invested :)  So a lot of these cities were ruled out.Oklahoma City made a few lists, one in particular that intrigued me was as a great place for baby boomers to live a working retirement.  

Account Closed    but Minh excuse me.. there is no cash flow and your speculating on appreciation.. have you not got the memo about not having cash flow day one is bad.. and ANY type of speculation is simply gambling.. your just lucky.. that's all you are..

Like all appreciation plays, it's speculative.

Our concern is is it a good idea to buy being that it is a townhome, and some speculation is involved?

Neighborhoods adjacent to these facilities are a good bet, but there is a strong speculative environment right now.