Look at it like gambling, people get caught up in the moment and only meant to spend x amount, the excitement causes them to spend more.

I don't like growth stocks (AMZN, TSLA, NFLX, FB, etc) because there is not difference between these and gambling.

It could be a pretty big gamble if they follow through.

I am "gambling" my money that it will be in precious metals and food.

Naturally you'd buy based on good fundamentals and the gamble is just on the startup costs of furnishings, vacancy, etc.

I hope that gives you some idea as to where the rest of the world may be coming from outside the USA. if you are in comfortably safe and blessed circumstances it is because others have done the hard work to secure your borders and where you live. it might help you see the rest of the world and where other people may be coming from.

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These properties there is almost no cash flow but they are either holding for retirement, living in one unit and renting three going FHA, or trying to buy high end quality areas hoping for rent growth and appreciation to eventually catch up to a decent return.Too me that is gambling and not investing yet the herds do it to their hearts content.

Potential deal is an SFR  that was built over top the border of two adjacent lots (original builder owned both).  

The number streets, which represents the Eastern or southern part of Irvington bordering Newark, is a lot rougher than upper Irvington.