So basically if I can invest in LA, I would have but at this moment there is just no way I am going to take on such a big gamble on a slowing market.

Assuming a mosdest gain of 5% appreciation a year after 5 years the home is worth $638,000 and you still owe $500,000.Always remeber that with a Intrest Only loan you are gambling on your home appriciating.

The ARM is going to start adjusting, but if you want to gamble and think rates will go down by when the rate starts to re-adjust, an ARM may be for you.

If it's a land locked lot, meaning there is no access to it except through someone elses land, it could be quite a gamble and may pay off big time.

The company also gets involved in Hispanic community events at the local level, not only to educate but also to create the kind of personal connection that this culture values in its business relationships.The company also focuses on educating the Realtor community about the home-buying power of Hispanics and the characteristics of this emerging market.

This type of investment offers distinct ownership characteristics that are different from other forms of joint or shared ownership. - Each owner holds title to an undivided fractional interest in the property.- Ownership percentage on a TIC investment doesn't have to be equal.- Each owner is entitled to their ownership percentage of income, appreciation, deduction of mortgage interest and depreciation, etc. - Each TIC owner retains the right to transfer, partition, and encumber their interest in the property without agreement or approval of the other co-owners.

But anyone who thinks that appreciation is going to bail them out of a low or negative cashflow situation is gambling, pure and simple.

I am not willing to gamble that much to be the one that ends up being the case law around it.

I won't gamble money that my family needs for the necessities, but the money I'm using should go to paying off bills and filling an IRA.

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.