[quote=no_such_reality]Tsk, tsk, tsk. Have you people forgotten monopoly? You are a tenant, the property owner is the land owner. So when you land on your middle child’s property and he’s offering partial payment, declare you’re squatting and force him to pay you a cash for keys payment of $200.[/quote]
Perhaps I wasn’t clear… I think the new rules are that every person that decides to purchase a property must immediately finance it with a mortgage, unlike previous versions of monopoly in which you bought the property outright….Because in this new version of monopoly, housing is not affordable to be purchased outright…just like how it is in today’s market. So as an element, you have to select the type of mortgage product to finance your purchase, and each time you pass go, you are obligated to pay the bank for the mortgage. At the begining of the games, the selection of mortgage types are plenty.
30 year fixed jumbo, 30 year fixed conforming
15 year fixed jumbo, 15 year fixed conforming
5 year ARM
I.O. loans
Also, in the beginning, stated income loans are just fine….
Then as the game progresses, some of these loan products start to disappear, and rates start to go up…But not before “intervention” which happens in the second half of the game, in which rates on the conforming loans drop like a brick, and the conforming limits are increased…However, some of the players will still not qualify….
Beyond the second half of the game, I’m not sure the direction the game should take…Because well, we don’t have a model of how that will turn out yet….Although, we can potentially tie this game to vote polls here on piggington, in which us in the community determine the outcome on a game by game basis.
Rich can make a fortune on this, because everyone who plays this new version of monopoly must register with this blog and the outcome of each game is determined by piggs voting on a poll.
Heck, we can even simulate “live interest rates”… Someone can play sheldon… And someone can play SDR and sdrealtor…
I’ll make an android version that runs on tablets and phones so that folks can get up-to-date live quotes on interest rates and “lock in on those deals”, because rates are going to go up, or “lock in on those home prices”, so that players won’t be “priced out forever”….
We need additional variables, like a tie-in to map displaying offenders that detract one’s property values too.
This will be our little version of “augmented reality”….
