May 20, 2016
This article was contributed to Connect Media by QuickLiquidity.
Starting in 1929, the Great Depression brought the United States economy to its knees. The stock market collapsed, nearly half of the US banks had failed, and at its height unemployment sat at 25% with over 13 million Americans looking for work. In only three years the average income of American families plummeted by 40%. Americans were scared.
In the 1920s, the wealthiest 1% controlled 40% of the countries wealth, leaving much to be desired for millions of Americans, even something as simple as a board game.
First being marketed in 1935 during the Great Depression, MONOPOLY was an instant success becoming the best-selling game in America. Since its launch, over 275 million sets have been sold worldwide.
Investing in MONOPOLY might be a fictional roll of the dice, but there are many invaluable lessons commercial real estate investors can apply to the real world.
- Location, location, location
- Cash Reserves