Hold it for speculation/appreciation?

Find their names and Google your little hearts out...No need to cover old ground here...this thread isn't about Renatus.But, for anyone new here that wants to know more about Renatus, I highly recommend reading this entire thread:https://www.biggerpockets.com/forums/79/topics/990... ...and for anyone who wants to know the TRUTH about Renatus, visit the MyRenatus website to get first-hand information rather than the speculation and conjecture spewed here.

Are you speculating on flood damaged homes?

Buying for appreciation is not "investing", it's speculation (read: gambling).

it's just an attempt to curb market speculation and theoretically slow the rise in house prices.

I’m mostly interested in speculating on vacant residentially zoned land in Southern California and Nevada, but primarily in Riverside and San Bernardino counties.

My household income allows me to save $20k post tax dollars a year and ~40k pretax dollars per year for allocation to real estate rather than stocks/bonds & speculative instruments. 

So you are either: 1.) buying yourself a PM job with the down payment or 2.) investing for appreciation/speculation.

That is speculation.

When you lose money while you are waiting for external events, out of your control, to get your money back, you are not an investor....you are a speculator.