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Ned, Home Buyer in Los Angeles, CA

How can I buy a house?

Asked by Ned, Los Angeles, CA Wed Feb 13, 2008

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3
Generally, you have to have a full color-monopoly first... and it's wise to build 3 houses per property at once, because rents rise significantly once you've broken the 3 house barrier.

You should build when you form the first complete color group.

You should build when you can do so and still be left with enough cash to pay a "high probability" expense - namely, rents on Railroads or Utilities, Luxury Tax, and the "nasty" unexposed Community Chest or Chance cards. $150 to $200 is all the cash you need to hold onto if there are no other complete color groups against you. $300 to $400 in cash is recommended if there are one or more complete color groups developed against you.
1 vote Thank Flag Link Wed Feb 13, 2008
Alan May, Real Estate Pro in Evanston, IL
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I've always been a proponent of the Top Hat.... it bespeaks "wealth"... dontcha think?

My wife always likes the "doggie"... but I gotta tell you, when you're playing the game on the floor... and you accidentally lean, or step on the doggie... the doggie really hurts.... ya know?
0 votes Thank Flag Link Wed Feb 13, 2008
Alan May, Real Estate Pro in Evanston, IL
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Sounds easy enough, Elvis, but I haven't the foggiest clue as to which piece to choose -- the shoe or the hat? Or the thimble?
0 votes Thank Flag Link Wed Feb 13, 2008
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