Real Estate Business Booming Again
In the last two days we have seen an enormous surge in the Real Estate business with thousands of new appartment blocks, parks and businesses being commisioned and built. It's not that the credit crunch is suddenly over, no it's the birth of Monopoly City Streets.
Monopoly City Streets is a flash based online game based on the legendary Monopoly board game we all used to play when we were kids, but immensely upscaled. Instead of the board Hasbro now uses Google Maps and you are able to build everywhere we like.
It's been two days since the launch of Monopoly City Streets, on 09-09, and I got online yesterday to check it out. Basic gameplay is quite easy: You get a stash of M 3,000,000 and you start clicking away. Buy streets and build houses to earn rent. The more streets you have connected, and the more densely populated the area is, the higher the income you get from rents.
I picked out a little old town in the Netherlands to start my real estate empire. I've bought a few streets and a couple of houses to get going and collect my rents. Basically, the game is turn based and gets updated daily. After my first day I was able to triple my networth from 3M to 9M.
As with the board game, you have chance cards; some for good, some for bad. With the chance cards you will be able to build bonus buildings, like sewers and plants that kill rents on a street, or parks and stadiums that will prevent others from placing sewers and plants on your streets.
When looking at the world rankings you see that only after a 4 days of gameplay there are people with a networth over 2 billion, so the first question that comes to mind is: How to cheat? You are able to make bids on streets owned by other players. The minimum bid you have to do is the current value of the street, so it's not possible to create multiple accounts and sell good real estate for peanuts... but, the other way around probably does work: Create multiple accounts and offer 3 million M's for a street worth 100K for instance, feeding the main account with tons of money, and I think this is what's happening. It's impossible to go from 3M to 2B in 4 days.
Top accounts are obviously the most obvious candidates to target with sewers and plants. If you receive a bonuscard to build a plant, just build it on the street of a big spender in your region so he won't get income from these streets.
If you start building, you obviously want to be a big real estate tycoon at a top location. Forget it. Cities like New York, Paris, Barcelona and Amsterdam are already taken. Well, not all streets are sold yet, but it is getting pretty crowded here. Below you'll see an overview of New York and Paris, with a detailed shot of both as well.