I used to play this with my buddy when we lived together for a couple years. Lots of good times. I was actually a beta tester for the game, in like 2007, before it was released.
I like the game but didn't like that once you got a house you had to continually login and pay rent (I think that's what it was?). What a pain in the ass. I think you could pay for a few months at once, but still, it was continual. For someone who just casually plays games having to do that is annoying as fuck. I always got hit with the penalties but thankfully I had a lot of cash to cover it, IIRC.