This market will always be speculative, and those who choose to invest have to time the market.  

It’s speculation.

I'm surprised that 1 through 5 and 7 aren't in the P&S, I've seen those clauses, or ones worded similarly (or equivalent language) in the contracts I've signed as a buyer and seller.As a seller, I'd reject 6 because it requires me to speculate and opens me up to liability.

I know I probably sound a little crazy with all my speculation but I have to look at all strategies with the level of competition going on right now.

I can't say I recommend high appreciation areas because that will make you a speculator.

Lots of people made lots of money during the boom speculating.

Not speculation.

All feedback is appreciated whether you're a nearby investor with experience in these markets, or live across the country and are just speculating.

There will of course be another crash at some point, but It's much easier to get rich warning people about the trouble to come, than actually making bets to profit from a crash.Its fun to speculate intellectually on when the next crash will be, and you can make a lot of smart sounding arguments.

I think speculators took a back seat.