Because they are gambling.11. 

It is very much case-by-case and requires understanding of the current tax regime for personal itemized deductions, as well as gambling on the proposed changes to this regime by the next administration.

It is very much case-by-case and requires understanding of the current regime for personal itemized deductions, as well as gambling on the proposed changes to this regime by the current administration.

I understand being in high cost market and it being difficult to buy but the "cash flow on paper" inexpensive markets is a gamble.

These are very risk gambles that should only be attempted with money you don't really care about.  

In a waterfall, the GP is incentivized to stay the course, gambling the LPs equity, because the GP only makes money above 7%. 

This is my gamble.

2024 v 2025 is a gamble.

A gamble on gambles of volatility moving certain ways in certain time windows..... 

Quote from @V.G Jason: Quote from @Jay Hinrichs: The mindset of cash flow is everything and appreciation is just luck or gambling or whatever these folks say is one of the worst mindsets I see on BP.