Now that April 2020 is completed, TMP is still in second place in “The Financial League”.
‘Gold’ is still solidly in First Place and has soared $8,000 this month during this ‘crisis’. TheMonopolyProject retained 2nd place with a solid $3,500 gain. Equities (VTSAX – Total Stock Market Index Fund) rebounded to roughly even.
Here’s the last four months:
TheMonopolyProject formula for TOTAL EQUITY is:
TOTAL EQUITY of TMP = ‘Bank Account’ + ‘1 SHF – estimated equity’ = $111,850
How did we get to the ‘REO Owned Estimate of Equity’ of $53,258 for the month of April?
We used the arithmetic average of three websites (Redfin, Zillow, Realtor.com) that estimate home values.
The Redfin and Zillow estimate soared by $5,000! Here is a quick review of the Redfin estimate of value from purchase to now:
But note that the Realtor estimate is still below the purchase price!? Do you believe that?
According to our Realtor Jeff Sutherlin of EXP Realty home prices are still relatively stable during this crisis:
Are these ‘interesting times’? Absolutely. Nothing like this Corona Virus situation has happened in this country. Is there an ‘opportunity’? Absolutely.