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Will I lose a lot of money on my land in 1.2?
Beryl Greenacre
Big Scaredy-Baby
Join date: 24 Jun 2003
Posts: 1,312
12-17-2003 08:35
I currently have a lot of money sunk into land since I am a lifetime member and have made sure I have my 4096m. My land is also all in Tan and Aqua, sims where land costs more money. Logging into the 1.2 preview yesterday, I find that land will cost $1L/square meter. Does this mean that all the money I have in land (except for $4096) will disappear? Or will I be refunded the difference?

I really wish a Linden would clarify this aspect of land ownership pre- and post-1.2. I can deal with just about anything if I am prepared for it.
Hank Ramos
Lifetime Scripter
Join date: 15 Nov 2003
Posts: 2,328
12-17-2003 08:50
I've asked several Lindens about this, and have been getting "don't worry" or conflicting statements.

I don't want to sink my every last dollar to secure land for a home before the changeover, and then be broke coming into 1.2.

As it stands right now, it looks like the best thing to do would be to just release everything you own before the changeover so there are no questions about prim rez refunds or land devaluation.

I don't want to cause a panic or recommend that everyone do this as this is a very personal decision, but without clear direction from the Lindens, I'm afraid to hold on to anything during the crossover to 1.2.
Kathy Yamamoto
Publisher and Surrealist
Join date: 1 May 2003
Posts: 615
12-17-2003 09:13
On the other hand, how does what I have invested in land right now compare to how much new land on new sims will cost at auction?

Hmmmmm.
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Kathy Yamamoto
Quaker's Sword
Leftist, Liberals & Lunatics
Turtlemoon Publishing and Property
turtlemoon@gmail.com
Hank Ramos
Lifetime Scripter
Join date: 15 Nov 2003
Posts: 2,328
12-17-2003 09:25
From: someone
Originally posted by Kathy Yamamoto
On the other hand, how does what I have invested in land right now compare to how much new land on new sims will cost?


I believe land costs are going from L$6 per sq. m to L$1 per sq m. Anyone correct me if I am wrong.
Sinclair Valen
The One who Was
Join date: 1 May 2003
Posts: 360
Re: Will I lose a lot of money on my land in 1.2?
12-17-2003 09:50
From: someone
Originally posted by Beryl Greenacre
I currently have a lot of money sunk into land since I am a lifetime member and have made sure I have my 4096m. My land is also all in Tan and Aqua, sims where land costs more money. Logging into the 1.2 preview yesterday, I find that land will cost $1L/square meter. Does this mean that all the money I have in land (except for $4096) will disappear? Or will I be refunded the difference?

I really wish a Linden would clarify this aspect of land ownership pre- and post-1.2. I can deal with just about anything if I am prepared for it.


Seconded emphatically if true.

This is an important question for those of us who already own significant land - how is this supposed land "devaluation" being addressed? Why should I hold my land that I paid $6 per meter for, if I can convert it to cash and buy new land for $1? Are existing landowners being compensated in some other way?

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Hank Ramos
Lifetime Scripter
Join date: 15 Nov 2003
Posts: 2,328
12-17-2003 09:53
I think Philip Linden answered it in another thread...

http://forums.secondlife.com/showthread.php?
s=&postid=59518

From: someone
Originally posted by Philip Linden
Important Note:

Per Kathy's mail about changing land costs...

When we switch to the new version, we will give all users a L$ credit to their balance for the current value of the land and objects that they have in-world. So the reduction in claim cost for land and the removal of de-rez credits will have NET ZERO effect on you as an existing resident.

you DO NOT need to delete stuff or release land in an attempt to take advantage of this changeover - we recognize the value of everyone's builds and will be doing it for you as a credit.

Philip Linden