05-19-2008 19:57
Want fair land prices? Don't determine if land is a good deal with empty promises. It's very simple and consists of two main points:

1) sim owners need to cover their fees to Linden and their time with administration tasks and
2) you want a fair price.

Long term investments need long term planning. That's why we have a real formula to calculate fair prices on land. We sell for $1 per square meter and recover the initial sim cost with 16 months of 100% occupancy. In reality, it's hard to maintain 100% occupancy. So two years is our target. That means we are not making any profit until that time.

If you think that is a stupid way to do business, that is fine. Find a legitimate business that does not take initial investment and long term plans, and creates a recurring monthly income in two years. if you do, then stop reading and do it.

Do some people make a quick buck isl? Yes and they hurt others to do so.

What does this mean for you? About as low a price as you can find for land. And in an estate with solid growth plans for the long run. We will be here next year and so will be your investment.

Shop around, compare prices and what you get. In the end, the only good deal is one that you are happy with.



Get the nitty gritty on our pricing formula (warning: severe mathematical stuff) - http://iliveisl.wordpress.com/2008/05/20/virtual-real-estate-pricing-post-for-forums/