Cash-flow Crisis? Don't Panic! How to Not Go Bankrupt Borrowing from the Bank in Monopoly
Ah, Monopoly. The game of buying streets, crushing dreams, and never having enough cash. You've landed on Park Place, rent is due, and your wallet's as empty as a thimble after a thimble-full of tears. Fear not, dear player, for there's a financial lifeline (with some strings attached) – borrowing from the bank!
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| How To Borrow Money From The Bank In Monopoly |
But First, a Word from Our Sponsor: Mr. Mortgage
Before we delve into the nitty-gritty, let's meet the silent hero (or villain, depending on your perspective) of this financial transaction: Mr. Mortgage. He resides within the friendly confines of the bank and holds the key to unlocking some much-needed cash, but at a cost.
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Remember: Mr. Mortgage is a strict businessman. He won't lend you a dime unless you offer him some collateral. That's where your beloved properties come in.
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The Art of the Deal (with Mr. Mortgage)
Here's how to tango with Mr. Mortgage and emerge (hopefully) solvent:
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- Identify a Suitable Sacrifice: Not all properties are created equal in Mr. Mortgage's eyes. He prefers unimproved properties (no houses or hotels) and offers you half their value as a loan. So, if you own un-glamorous Virginia Avenue, you can get a quick $50 infusion (but remember, it was originally worth $100!).
- Sell Your (Imaginary) Houses (at a Discount): If your property has any buildings, you'll need to sell them back to the bank at half price before Mr. Mortgage even considers your loan request. Think of it as a fire sale – desperate times, desperate measures.
- Shake Hands (Figuratively) and Seal the Deal: Once you've identified a suitable property and sold any unwanted structures, turn the Title Deed face down and collect your half-value loan from the bank. You've successfully borrowed money, but remember, you're now officially in Mr. Mortgage's debt.
Important Note: While Mr. Mortgage might seem like a grouch, he does offer a redemption option. You can pay off your loan (plus a 10% interest fee) at any time, and reclaim your property (and its full rent-generating potential!).
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Borrowing Wisely: A Few Parting Words
While borrowing from the bank can be a lifesaver in the short run, remember it's not a get-out-of-jail-free card (pun intended).
- Interest is your enemy: That 10% fee adds up quickly, so only borrow what you absolutely need.
- Think strategically: Don't mortgage properties that are likely to land you high rents later in the game.
- Remember, there's always a risk: If you can't pay off your loan, you might be forced to sell your mortgaged properties at a significant discount to other players, further hindering your financial standing.
So, use the power of borrowing wisely, and remember, sometimes the best deals in Monopoly are the ones you avoid altogether. Now go forth, and may the odds (and the dice rolls) be ever in your favor!
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