So You Wanna Ditch Your Dump in Monopoly? A Guide to Mortgaging Like a Mogul (Without Crying)
Ah, Monopoly. The game of ruthless deals, questionable trades with your little brother using "future hugs" as currency, and the ever-present threat of bankruptcy. But fear not, fellow player down on your luck! There's a financial tool at your disposal that can turn your teetering tower of debt into a triumphant comeback – the noble art of mortgaging.
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| How To Mortgage A House In Monopoly |
But First, What Exactly Is Mortgaging? (It's Not Selling Your House to a Chihuahua)
Unlike real life (where banks probably wouldn't be thrilled about a chihuahua walking in with a briefcase full of Monopoly money), mortgaging in Monopoly is more like a temporary pawn shop for your property. You basically get a quick loan from the bank for half the property's value, but there's a catch (there's always a catch, isn't there?).
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Here's the TL;DR:
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- You get some cash.
- You can't collect rent on the mortgaged property (so it becomes a sad, rent-collecting ghost town).
- You gotta pay back the loan plus 10% interest to get your property back (ouch).
Deciding to Ditch? Consider These Wise Words Before You Do
Mortgaging can be a lifesaver, but like that extra slice of pizza late at night, it comes with a bit of regret later. Here's when to strategically use this financial jujitsu:
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- Facing Rent Apocalypse: Landed on Park Place with only $20 bucks to your name? Mortgage that bad boy and avoid sleeping on the streets (or Park Place, which might be worse).
- House Flipping for Dummies: Got a property that just isn't pulling in the big bucks? Mortgage it, use the cash to snag a better property, and become a real estate mogul (in the Monopoly sense, at least).
- The Dreaded Hotel Debacle: Built a hotel on Baltic Avenue and now you're drowning in debt? Sometimes, downgrading to a few houses is the smarter move (and who knows, maybe those houses will come with tiny umbrellas for those rainy day rents!).
Remember: Mortgaging isn't always the answer. If you have another property you can sell outright, that might be the better option, especially if it's a property someone else desperately needs to complete a set.
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So You've Decided to Embrace the Mortgage Life. Here's How to Do It Like a Boss:
Mortgaging is pretty straightforward, but here's a crash course to avoid any dramatic misunderstandings:
- Sell the Bling Before You Bail: If your property has any houses or hotels, you gotta sell them back to the bank (at half price) before you can officially ditch it. Think of it as a fire sale – gotta get rid of the inventory before you skip town (or rather, skip rent collection).
- Flip that Deed and Collect Your Cash: Turn your property's Title Deed face down and collect the sweet, sweet loan from the bank (it'll be half the property's listed value). Just remember, this is borrowed money, not Monopoly Monopoly money!
- Shedding the Mortgage Shackles (But Not Without a Price): When you're ready to reclaim your property and start raking in that rent again, you gotta pay the bank back. Here's the not-so-fun part: You gotta pay back the original loan plus 10% interest. Ouch! But hey, at least you'll have your rent-generating property back.
Bonus Tip: If you're feeling particularly bold (and have the cash), you can actually pay off someone else's mortgage. This can be a great strategic move, especially if it blocks another player from completing a property set and becoming a rent-collecting machine. Just be sure you can actually afford it – you don't want to end up needing to mortgage your own stuff right after!
So there you have it, folks! Mortgaging in Monopoly: a tool to be wielded with both caution and cunning. Use it wisely, and you might just become the envy of the board (or at least the player who isn't about to sleep on Boardwalk because they can't afford the rent). Now go forth and dominate the Monopoly market (and maybe share some of that ill-gotten Monopoly money for pizza – a real estate mogul needs to keep their strength up, after all).
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