TheMonopolyProject (TMP) is still Number 1 and climbing. TheMonopolyProject remained at the top with a total Score of $250,037. This month we added about $12K in equity and our new-build house in Coolidge went back above what we paid. And WOOD crashed; down 42%. Maybe the shortage is over?
TMP now has 2.5 houses; that is, one house wholly owned (Valencia) and two houses half owned with Jeff in our TMP2 partnership; 29th Avenue, Toltek, and the just purchased Crismon
TOTAL ASSETS = TMPbank_Account + TMP2bank_Account/2
+ TMP_Valencia + TMP2_29th/2 + TMP2_Toltek/2 + TMP2_Crismon/2
Valencia increased by $3,000:
29th Avenue was flat.
Toltek, our new build house that is still under construction, increased back above our purchase price after briefly dipping below! Sales in the subdivision are now strong; about 20 per month. The two related subdivisions will soon be complete and Richmond American Homes will move on to new developments in Coolidge. It is now up significantly, and we haven’t even started escrow.
Note that the Toltek equity includes our $14,100 earnest money deposit. So the equity is $31K, but the gain is $31K minus $14K, or $17K.
There was a bit of a question on the contract for Toltek which we reported in “Our September 2021 Standings – Still Number 1!”. This was elevated to the highest levels of the home builder and now is still uncertain. More later.
And we are in escrow for another TMP2 house on Crismon Rd. Escrow closes in January to satisfy a condition from the seller that the gain be deferred until next year. More later.
Jeff reports on the home market in Phoenix and tells you how to buy a house before you sell your current house:
Note that we have also added the historical record for all TheMonopolyProject investment options on our “Scores” page. Here’s what it looks like today going all the way back to the inception of TMP in March of 2019.
