![]() ![]() ![]() ![]() And unless you have 100% of the purchase cost and associated fees in cash, you will likely need a loan to make the purchase. Unless you are pursuing some form of sponsorship, or you have a heap of equity in some other form, you will need to contribute some cash as a deposit when you buy a property. In terms of property investment, this is significant. Where you were born and your upbringing has an effect on your life. This is blatantly nothing like the human experience.Īs Warren Buffett puts it, there’s an ovarian lottery. The rules even specify the denominations each person should receive. The Bank gives every player $1,500 at the beginning of the game. Here are six ways in which Monopoly misses the mark… However, it’s best not to fall into the trap of thinking Monopoly can teach you everything you need to know about property investing. I know you’re not silly enough to think you’ll get $200 every time you go around the block, and your kids probably aren’t that silly either… at least I hope not. It’s hardly surprising that a board game does not fully capture the intricacies and nuances of something as complex as property investment. In the interest of balance, I’m following up with this post about the ways in which Monopoly is NOT like real life property investing. In last week’s post, I expounded on my theories about how Monopoly (the board game) is like real life property investing. ![]()
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