On one extreme end of the spectrum would be gambling. I'm not familiar with that and the other extreme end of the spectrum, saving. I hate that.
Being financially savvy, one would need to understand cost of borrowing, leverage and the power of compounding. So given the following scenario, a relatively fresh graduate, earning $4000, trying to gain a foothold in the property ladder with no savings yet, what can he do?
If he save for a $500,000 property, he would need for a 20% downpayment of $100,000. This could mean a 5 - 8 years of diligent savings. At the end of 8th year, when he wants to buy the property, the property would have grown at least 50% and the down payment would have grown higher still. A case of forever not able to catch the ladder.
What can he do?