TheMonopolyProject (TMP) is still hugely NUMBER ONE!

Even more so than last month. This month alone we added $22K in equity.

TheMonopolyProject rocketed to the top with a total Score of $184,902. We easily outscored the stock market (VTSAX), WOOD, and even Gold.

And it is not surprising given that housing prices and rent are rocketing upwards:

“U.S. home prices soared in April at the fastest pace since 2005 as potential buyers bid up prices on a limited supply of available properties.”

“Home Prices Soar 18% To An All Time High; A Record 58% Of Houses Sell Within Two Weeks Of Listing”

“And Now Prices Are Really Soaring: June Rent Jump Is Biggest On Record”

TMP now has 2.0 houses; that is, one house wholly owned (Valencia) and two houses half owned with Jeff; 29th Avenue and Toltec.

TOTAL ASSETS = TMPbank_Account + TMP2bank_Account/2 + TMP_Valencia + TMP2_29th/2 + TMP2_Toltec/2

The increase in the standings (from $162,623 in May to $184,902) is a result of the increase in value of all three houses, Valencia, 29th Avenue and the as-of-now unbuilt house on Toltec.

Valencia increased by $8,000:

29th Avenue increased by $3,000:

And Toltec increased by $25,000 as explained in “Start Your Own Monopoly Project – Step 9: Play It Again, Sam”.

So, the $22K equity increase was $8K_Valencia and one half of $3K_29th_Avenue and one half of $25K_Toltec. Also note that we forgot to record the decrease in loan balance ($272 and $292) for Valencia and 29th Avenue, respectively. We will update next month.

The discrepancy in estimates between Zillow on one hand and Redfin/Realtor on the other is interesting. When we first started TMP, they all three tracked together with Realtor usually being a bit lower. That is one reason why we chose these three estimating tools. Now Zillow is well above the other two

I asked TMP Jeff, “The Master of Real Estate” what he would list the Valencia property for today. He did a CMA:

He would list it at $285K. That sounds about right. And it would probably sell for more than the list price!
That is closer to the Zillow estimate than the other two. If we used only the Zillow estimate(s) or did a CMA on each property, the TMP equity would be over $200K.
We expect the craziness to continue, and even increase, in the coming months.