I think the risks you had in mind are legal risks and credit risks.

I think you wanted to point out to me that perhaps the contract has clauses in favor of the developers and against the small investors, so I need to understand these risks before buying. I do want to understand these risks before buying. However, I consider it a small part of the overall risks. There are many uncertainties. I focus on the most important risks. I call them key risks.

Once I understand (to some extent) my key risks, I determine whether I can accept a 100% loss. That likelihood feels small every time. We all have a tendency to dismiss that likelihood.

Most of my friends (fellow small investors) basically avoid overseas properties completely because there are too many uncertainties, including legal risks. I think 90% of overseas property investors only invest in countries they lived in for 3 years. I have more risk appetite than them. In a way, I suffered small losses early on as training lessons. We all learn from those lessons.

With MIH, the #1 risk is loss of my 40% down-payment. I’m prepared to accept this risk.