How To Always Win Monopoly

The MONOPOLY DEAL STRATEGY website is a comprehensive listing of the strategies and techniques we or other players have used during our years of playing the MONOPOLY DEAL Card game. These strategies are a great way to maximize and improve your enjoyment of the game, bring more fun to the people you're playing with, help you grow as a game. Monopoly celebrates its 85th birthday today, and while some people love the boardgame, others struggle to beat the banker and win - but thankfully. Monopoly is a classic board game known for taking hours to play. Although this game does involve luck, it also requires a strategic player. One strategy that may help you win is to use some clever cheating methods that the other players. To win monopoly, you need to bankrupt all of your opponents before they can do the same to you. With each decision you make, it's essential to consider the best ways to improve your chances and beat the competition. While luck is a factor in winning Monopoly, fortune can be fickle - easily turning against you when your guard is down.

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Get rich in real life

One option many who play Monopoly ignore is the use of mortgaging to buy more properties and control the board. But that's the best way to win! Here's how to win at Monopoly in real life by adopting some of its real estate strategy.

• How do you cash out rental property equity to increase your holdings?
• Considerations for investors with multiple mortgaged properties
• Mistakes to avoid

The leverage you gain with smart mortgaging allows you to control more rentals and acquire wealth.

Monopoly and mortgages

The objective of this classic game is to control property and extract rents from your competitors until they run out of money. When you roll the dice and land on a property, one of three things happens: you buy it, you ignore it, or you pay rent if someone else already owns it.

Some properties are more valuable and desirable than others, and owning a matching group allows you to build homes and hotels and charge much higher rents. So if you already own Park Place and you land on Boardwalk, you don't want to miss the chance to buy it.

Likewise, snapping up one of a color group prevents your opponents from getting all the properties in that group. And extorting huge sums from you when you land on their hotels.

But if you don't have the cash to buy Boardwalk, you can still tie it up and keep your competitors from getting it — by mortgaging your other properties and using those funds to purchase Boardwalk. Mortgages allow you to increase your rental income while keeping your competitors from buying up all the good stuff.

Real estate strategy: leverage

Monopoly is not just a game. It parallels real life in many ways, especially relating to real estate investment.

One of the biggest advantages of real estate as an investment is that you can leverage it. That means you can control a large asset by making a relatively small investment upfront. You get leverage by borrowing part of the purchase price.

In fact, the less of your own cash you invest, the greater your possible return. Play roulette online no download.

How does this work? Imagine that you buy a $100,000 property and in a year, its value increases to $105,000, a 5 percent return. But if you had bought the property by putting 20 percent down ($20,000), you have a 25 percent return! (That's a $5,000 gain divided by your $20,000 investment.)

If you had taken your $100,000 and bought 5 similar properties with 20 percent down payments, you'd have made $25,000 in appreciation instead of just $5,000.

According to Alex Hemani at Forbes.com, leverage in real estate investing works best when property values and rents are increasing. Today's economic climate in much of the country fits that description.

And while most investor property mortgages require at least 20 percent down, getting that 20 percent from your other properties allows you to leverage a lot more.

And while most investor property mortgages require at least 20 percent down, getting that 20 percent from your other properties allows you to leverage a lot more.

Investment cash-out mortgages in real life

There are many ways to extract equity from investment properties.

• While government-backed mortgage programs won't allow you to finance rental homes, Fannie Mae and Freddie Mac allow cash-out refinancing on investment property
• Typically, you can borrow 65 to 75 percent of the property value
• Some niche lenders offer home equity loans and lines of credit secured by rental property — a good option if you like your current mortgage and don't want to replace it
• If you have more than four properties financed, you will have to jump through extra hoops and won't be eligible for some kinds of mortgages. However, there are specialty lenders that fund these mortgages all day long

Investment property cash-out refinancing may take longer than refinancing a primary home if you need the rental income to qualify for the purchase. The appraiser will have to prepare a rental schedule and the lender will put your cash flow and cash reserves under a microscope.

Financing more properties

Mortgage lenders require significant cash reserves when financing rental property, and the more properties you have mortgaged, the higher this number may be. In most cases, underwriting software applies complicated formulas to your situation and calculates a number between zero and 12 months of payments.

One month of reserves is cash to pay one month of housing expense for the subject property — principal, interest, property taxes, homeowners insurance, HOA dues and flood insurance (if applicable).

Fannie Mae's guidelines say that reserve requirements 'vary depending on

• the transaction,
• the occupancy status and amortization type of the subject property,
• the number of units in the subject property, and
• the number of other financed properties the borrower currently owns.'

Finally, most lenders want to know that you have some experience in real estate or property management, or previous landlord experience, to show that you are capable of successfully renting out property. And covering the monthly mortgage.

Mistakes to avoid

New property investors make some common mistakes. Here's what to avoid.

• Failing to run the numbers. An investment purchase should be determined by its income potential — not because it reminds you if your grandmother's old place
• Failing to plan. You always want an exit strategy if the investment doesn't work out as planned. And set goals for your investment, so you know if it's working out or not
• Acting out of fear. Inexperienced, fearful investors either think they have to grab the first property they see, or they are so terrified that they never move on any property
• Expecting overnight riches. Most property investors make their money over time, paying off their mortgages and investing their rental income

Many, many wealthy people in the US got there with real estate investing. And you can, too, by doing your homework and being patient.

(you just need to have the rules changed)

Monopoly – 'the exclusive possession or control of the supply or trade in a commodity or service.'

Cartel – 'an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.'

Bloomberg may be a powerhouse in the data space, and often complaints are around its all-in-one pricing and business model around the terminal. But truth is, it is nowhere near a monopoly. There are plenty of established and start up firms that offer a la cart competing offerings focused on one specific function or a group of functions or data. And in many cases, firms purchase data about the same things from Bloomberg and other sources – because it is part of a smart data quality regime.

No one really forces a firm to buy a terminal – or an IKON, or any other data product. The value provided by the data – its quality, completeness, availability – is what makes it a necessity.

Similarly, a utility like SWIFT - which has the exclusive relationship with ISO to manage standards like ISO20022 - may seem like it has unreasonable control. But you can use ISO20022 without any payment to or membership with SWIFT - and do not need to use the SWIFT network to send messages based on the standard. SWIFT, therefore, provides many value added services and is also subject to fairly strict regulatory oversight, and is not a monopoly.

This is in contrast to something like the ISIN – which has limited scope other than to standardize the format of individual national numbers – and is owned and operated by a single closed global trade association (ANNA - Association of National Numbering Agencies). And each association member owns the single monopoly for issuing ISINs within its marketplace. Where there is a marketplace not using ISIN, ANNA decides on if it gifts that marketplace domain to one of its 4 most powerful members, or anoints a local association member the monopoly status.

This wouldn't be so much of a concern – except that some regulators are now mandating the use of the ISIN, CFI and FISN (all under exclusive control of ANNA) in more and more processes. Thus, creating a coercive monopoly.

This data mandate obligates all financial firms to use the association's services. It mandates firms that used other, more appropriate solutions, to abandon their work and pay to prop up and support an unvetted service, and one that is untested in the realm of real time critical market infrastructure. The mandates also fail to have any critical evaluation of unsubstantiated claims regarding costs and conformity to open data principles, nor do the mandates provide for any formal governmental oversight of what is now, ostensibly, a required step in every financial firm's workflow.

ANNA, when subject to such criticism, wraps itself in the protective clothing of ‘standards' and ISO. The trade association uses the talking point that 'it has over 120 ‘independent members' across the globe' to counter accusations of its monopoly status as well as to infer it has strong governance over its technical infrastructures and data quality. Data quality that its own annual reports call into question repeatedly.

But this is simply a sly two-step, a facade. When members are monopolies in their own right, pooling those firms together in a single ‘trade organization' doesn't make it less monopolistic – quite the opposite. Lucky star review. It would be like claiming that OPEC consistently encourages competition between its members for pricing oil.

ANNA arguably holds a stronger cartel position than OPEC, as it controls pricing centrally, via the ANNA Service Bureau and the Derivatives Service Bureau, and individual members do not have the ability to undercut that pricing or provide competing services. Again, this wouldn't be an issue if financial firms had a choice on if they wanted to use ANNA's services. Even OPEC has some competition from alternative energy providers and independent nations. But European data mandates remove any optionality. There is no current example of a government enforced coercive monopoly like that which ANNA now holds over the financial industry.

Further, there is no formal oversight of the ANNA Service Bureau (ASB), the Derivatives Service Bureau (DSB), or ANNA (the trade association) by any governmental regulatory authority. ANNA's Annual Reports are not publicly filed or available. Their practices and pricing are not regulated or reviewed by any government authority. Its data quality and governance practices are not evaluated under any regulation that all Systemically Important Financial Institutions (SIFI's) are subject to, such as BCBS 239.

And it's technical infrastructures face no scrutiny – especially with the DSB, which is being built out by a firm that rents office space in a mixed use London building and has no formal accreditations in delivering what is now, made by regulatory fiat, a critical and systemically important part of the industry workflow – where any technical or commercial failure could feasibly bring the industry to a complete halt.

Anyone can rent space in an office building, and buy some cloud space on Amazon Web Services. But doubtful anyone would mandate its use as a critical component of properly functioning, systemically important infrastructure based on some nicely worded assurances and a paid-for self-audit.

If ANNA provided a service that firms found value in throughout the trade lifecycle - from pretrade, through trade, on to settlement, why did industry associations across the world protest the mandated use of its services? (Note, there was support for the mandated use of ISIN by one industry group; BVI, limited to the German investment community, has written in support of ISIN mandates. In the past, though, BVI has led multiple complaints against ANNA of monopolistic behavior).

The Secret Way To Win Monopoly (And Infuriate Your Friends) Ever..

Faced with these arguments, ANNA will fall back on claims of how it helps the industry, and helps the regulators with transparency and standardization. Their marketing says to ignore all these ‘minor issues' about licensing restrictions, fit for purpose, and data quality. Then, they quickly compare what ANNA does to the LEI to explain away any lingering concerns. Don't look behind the curtain.

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Problem is – the LEI works because it has a well thought out delivery and governance program, and is for a completely different purpose and function. Understanding exactly where certain legal obligations exist, where no previous, freely available and shareable method existed before is certainly different than a randomly assigned identifier that doesn't relate directly to a contractual obligation, nor is free to use or share. Further, the GLEIF structure is highly transparent, as well as being structured to promote competition and therefore counter such things as price manipulation and access. GLEIF also has direct representation and control by global regulators.

If the LEI operations were to work like ANNA's ASB or DSB, it would look much different. First, there would be only one LOU in any one jurisdiction. Then firms would be required to first register their LEI with the one LOU that existed in its region, paying whatever that LOU decided to charge. Then, all firms would need to purchase an additional license from a central distribution engine to receive any of the LEIs that had been issued globally, and not have a choice on what they pay for that, the method of access, and be limited in how they use and redistribute those LEI's. And there would be no governmental oversight.

Luckily, that is not how the GLEIF operates. But this is how ANNA and its ASB and DSB work. Just being a 'standard' doesn't confer some magic making it good and wholesome.

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LEI and ISIN are both ISO standards. But that is where the similarities end, and trying to equate the now-coercive monopoly operated by ANNA with any other ISO standard Registration Authority is unfair to ISO, as well as the RA's and MA's that faithfully manage other ISO standards, from SWIFT (ISO15022/20022) to the GLEIF, and even SIX Interbank (MA for currency codes, ISO 4217).

There's nothing inherently wrong with the ISIN. But the errors come into play in how it gets applied to users' needs, attempts to make it a one-size-fits-all solution, the structure of the organization that manages and distributes it, and blanket mandates on its use without regard to the concerns raised above in this article.

17 Ways To Win At Monopoly Every Single Time

If ANNA and the regulators are serious about mandating ISIN as a standard for reporting, then regulators should follow the path led by their collective work in the LEI; ANNA should give up its management and ownership of the ASB and DSB to a foundation and oversight committee established by the FSB. And in following in the LOU path, an accreditation process should be opened for any and all providers to compete to issue ISINs and contribute to the maintenance and upkeep of the overall infrastructure, as well as the standard itself.

The Secret Way To Win Monopoly (And Infuriate Your Friends ..

The only other option is to remove the mandate and allow firms to use the standards that firms determine fit their needs, based on voluntary consensus means that conform to true open data principles. Promotion of standards is a good thing - but mandates that stifle innovation, ignore the legacy embedded realities, and eliminate competitive markets go against the spirit of what standards are supposed to help accomplish in the first place.