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Speculation refers to the act of investing in a property or other asset with the hope of making a profit in the future. It involves taking a risk by buying the property or asset with the expectation that its value will increase over time, allowing the investor to sell it for a profit.
Let's say you buy a piece of land in an up-and-coming neighborhood with the hope of selling it at a higher price in the future. You're not buying the land for its current value or intended use, but rather with the expectation that the area will develop and become more valuable over time, allowing you to sell the land for a profit.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
Speculation is an investment game,
Buying with the hope of future gain.
You take a risk, with a hopeful heart,
Hoping to sell for a profit, quite smart.