TPP440: Real-life Monopoly: The lessons investors can learn

Real-life Monopoly – The important property lessons you can learn  Besides revealing which family members are sore losers and causing fights, Monopoly has some seriously important lessons about personal finance and investing.  But can these be applied to real life?  In this episode of The Property Podcast, Rob & Rob share the important lessons you can apply to your property investments.  For further learning on buy-to-let mortgages check out this video.  In the news  We’ve got two news stories for you this week.  The first one shares research from Halifax that shows that the average home in the UK now costs 8.1 times the average earnings, suggesting that property affordability has hit a 10-year low.  But are houses actually less affordable?  Which? has revealed this five-year mortgage with rates that have dropped below 1%. So, once you’ve overcome the hurdle of saving up your deposit, property can still be pretty affordable.  Hub Extra  We’re spoiling you this week as we’ve got three Hub Extra recommendations heading your way.  The first one is of course, Monopoly the game. If you’ve not played it before, it’s about time you get your hands on a set and give it a go.  But if like most people, you’ve played Monopoly more times than you can count and you’re up for a challenge Robert Kiyosaki’s version – Cash Flow may be the game for you.  If you’d rather avoid the family fallout, then make sure you give this podcast episode by Business Wars a listen.  Business Wars covers all the key battles in business, sharing the stories behind the companies that have shaped what we buy and how we live. Give Monopoly: Winner Takes All a listen to hear the story behind the family classic that was created over 100 years ago.  Let’s get social  We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.  Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!   If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.  See omnystudio.com/listener for privacy information.