(And possibly on the poker table, my hobby... ) Luckily, Nowadays...

Over the short term, you can win just as much playing a game like roulette with a high house edge as a game like video poker with a low edge.

These properties seem to be like poker chips collected by investors.Something to consider.

It's like poker, the idea is to make the right decisions at the time... if you have 2 pair and fold to a big bet on the turn to a guy with straight or flush.

Agreed with Rich...The one exception being when I used to play poker very seriously (and had some significant reported winnings)...I'd pay taxes on those at the time of the winnings, as the swings could be large and there was no guarantee that the funds would be liquid on April 15.

BUT, comparing it to Poker, that has some merit.

It is just a waiting game really

To give you a quick background, I was a top 5 poker player in the World for some 10 years at my form of poker and transitioned in the summer of 2020.  

Rich -Jerry Buss was my first thought when I read this thread too...I was lucky enough to get to play poker with Jerry a few times (all before I got into real estate, unfortunately).

My problem with easily absolved financial situations that are wiped through bankruptcy is that it raises the cost of doing business for those who feel they have an ethical, if not an absolute legal, responsibility to pay back what they've borrowed - especially when the borrowing was done for goodies like new trucks, motorcycles and poker night.