So You Want to Hockshop Your Mansion, Eh? A Guide to Mortgaging in Monopoly
Ah, Monopoly. The game of ruthless capitalism, questionable deal-making, and the ever-present threat of your Uncle Fred gloating over owning Park Place and Boardwalk. But fear not, fellow player down on your luck! There's a financial lifeline available, and it's not about selling your shoe (although, desperate times...). It's about mortgaging your property.
Now, mortgaging a property with houses on it can be trickier than convincing your friend that landing on Free Parking actually does something. But worry not, my friend, for I, the Monopoly Mortgage Maestro (patent pending), will guide you through this perilous process.
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| How To Mortgage Property With Houses In Monopoly |
First Thing's First: You Can't Exactly Pawn a Skyscraper
Here's the catch: you can't just slap a giant "FOR SALE - BY OWNER" sign on your Monopoly mansion. Before you can mortgage that property (which basically means borrowing money from the bank by using the property as collateral), you gotta have a yard sale. Yes, you need to sell all the houses back to the bank at half price. Think of it as a fire sale – gotta clear out the inventory before you can get that loan.
Tip: Don’t overthink — just keep reading.
Pro Tip: This can be a strategic move. If you need a quick cash infusion but know you'll dominate that property line later, selling the houses back isn't the worst idea. Just remember, you'll have to repurchase them later, at full price, which can put a dent in your rent-collecting dreams.
Alrighty, Now Let's Talk Turkey (or Should We Say, Monopoly Money?)
Once you've become a temporary house flipper, you can finally mortgage the property. Flip the deed card over, my friend, and behold the magical mortgage value. This is the sum of sweet, sweet Monopoly money the bank coughs up in exchange for holding your property hostage (sort of).
Tip: Read the whole thing before forming an opinion.
Important Note: This value is printed on the back of the deed, so don't go asking the banker for an outrageous sum based on your "totally legit" renovations.
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There's Always a Catch (But This One Has Teeth)
Now, here's the not-so-fun part: you can't collect rent on a mortgaged property. That's right, your fancy little houses become silent sentinels, collecting dust and generating zero income. So mortgage wisely, my friend.
QuickTip: Reread tricky spots right away.
Getting Your Property Out of Hock (and Maybe Earning Back Some Dignity)
So you've gotten some quick cash, but you miss the sweet, sweet sound of rent clinking in your pockets. Fear not, for you can un-mortgage your property! But here's where it gets a little usurious. You gotta pay back the original mortgage value plus 10% interest. Ouch. That Monopoly money can grow teeth faster than a Piranha planted in a Monopoly jail!
So, the Takeaway?
QuickTip: Scan the start and end of paragraphs.
Mortgaging property with houses can be a lifesaver in a tight spot. But remember, it comes with a cost (literally, 10% to be exact). Use it strategically, and remember, there's nothing quite like the feeling of owning a property outright and watching your opponents weep as they land on Park Place and cough up the rent. Now go forth, and monopolize with financial finesse!
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