Nautilus

I think that people are beginning to realize that they can fight back against those land flippers and their megaprim towers or high priced lots paired with inappropriate builds, by submitting abuse reports. And for a change LL seems to be acting rather swiftly on claims of megaprim use or land extortion.

Hi Nae, Welcome to Nautilus. We are glad you purchased 4 parcels and delighted to have you in the community. We also bought two parcels in Nautilus. The theme is one we are very interested in being a part of and helping to contribute to the community. Congratulations on getting the warehouse down. Now for the platform...one step at a time

Welcome again!

No I didn't submit any AR. I just login and found that it is gone. Oh, I remember I saw Guy Linden around this morning. Maybe he did something.

I'm starting to put together information on Land Sales in Nautilus now. The Report format needs to be worked out so if anyone has ideas on what to include, let me know.
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Parcels listed For Sale in Nautilus - 11.5.2008 6:00 am SLT
There are 16 sims capable of sales.

Adherbal - 15
Adon - 4
Baal - 1
Bomilcar - 3
Dido - 5
Elissa - 4
Eshmun - 7
Hanno - 9
Hasdrubal - 9
Kothar - 7
Magon - 9
Shahar - 12
Shalim - 3
Sophonisba - 20
Yamm - 0
Yarikh - 5
-----------
Total - 113 parcels

Perhaps you didn't AR the inappropriate tower build, but one or more of your neighbors probably did, or some concerned visitor. Could also be that the Lindens have seen that as a "pattern of abuse" and are deleting them as they crop up.

I notice the auction prices are really dropping now. Less than 1/4 what some of the most insane prices were earlier. Somehow I just can't imagine that the recent parcels are so much less desirable than earlier ones that the price is just based on location and views... So I guess the land flippers will have a pretty hard time justifying their L$130K and higher resale prices, when new parcels the same size are being auctioned for between L$30K and L$50K.

Perhaps one thing that would help on future sales of themed areas like these would be a requirement that anyone buying land at auction MUST hold the land for at least three months before reselling? Or at kleast that they can't resell it for more than they paid for it, in that first 90 days after purchase? That would make it far more expensive for a land flipper to grab a bunch of land and have to pay tier on it while he waits to resell. But it wouldn't hurt people who seriously intend to use the land they are buying.

It's a good idea, but probably complicated and expensive to program into the system.

EDIT: Also, frankly, such a system, if it could be programmed in, WOULD discourage sales. And I can't see LL doing that. (As you know, this project has meant a very healthy infusion of fresh cash into LL's coffers, since not everyone could have been financing their purchases with already-in-world money.)

Also, even people who didn't intend to flip might be put off buying, knowing that they couldn't re-sell if their Real Life circumstanced dictated that they try to get that cash back.



As far as the drop in prices is concerned: I'd guess that it's not the added tier that is slowing down the speculator-purchases. It's more the prospect of dropping USD150 or so for each parcel, even at those lower prices.

That is a lot to have to have locked up in inventory.

I guess that's what is surprising to me Ponsonby. When we first bought parcels in SL it was in one, then three Dreamland sims. We then bought a region from LL. Nautilus is our first experience in buying mainland parcels. Some of the land investors are buying parcels and adding a reasonable markup. I use the term investors because they operate like many in RL - their in it to develop a property or make a reasonable profit and then move on.

Speculators on the other hand, flippers, have posted 2X, 3X, or even higher increases in their original purchase price at auction. If the original parcel cost US$150 and the increases go for US$450 or more, it doesn't seem to me that this will sell. While tier would be relatively low, can they really believe someone will just pop in and pluck down that much money? I guess I'm missing something somewhere but that sounds like an unreasonable expectation. I would assume the business model would be to price a parcel to get a good return, sell it, and move on. Tying up any capital in today's economy, unless you have very deeeeep pockets, doesn't make any sense. This is particularly true when seeing how high some of these parcels went for at auction.

The name of the game is called *extortion*. Yes, the price is completely unrealistic and obscenely high. But if you own the plot next to that one, and it's your only option for expanding, so you can have a home with a larger footprint? Or if your view is spectacular, except for that gawdawful modern skyscraper? Some people would grit their teeth and pay the obscene price, just to get that specific parcel, or to eliminate that eyesore.

Yup. I always hold out hope that prices will ease downward in cases like this, but this "business" model is a pretty common one. Especially if a sim develops reasonably well, with real end users there, it is a good gamble they will eventually want to expand rather than move. After the auction fever dies down, they are the best potential customers. (This is why I suspect that some land dealers are holding back many of they parcels they own, rather than immediately setting them for sale.)

As Ceera said, more prims, maintaining a view or the look of the sim that you have grown accustom too starts to look pretty appealing, and high price becomes less of a disincentive.

Doing the math in the example you mentioned, Jean, with the incredibly high mark-ups, at $8 per month in tier for the parcel (and I doubt any land trader is paying that, the land is grouped, and they are at a higher tier level which is a better deal, etc...) it would take 37 months before selling at $450US would become unprofitable. One person giving in and pressing that buy button one time in 3 years is all it takes to make back your investment and some amount of profit.


I'll be really interested to see if prices in both Nautilus and Bay City hold as the coming months roll by, and if parcels sell, or if the strategy changes.

Take a look at some of the big ticket plots in Shermerville or Nova Albion. They've been available for a long, long time.

Yeah. Some of the +/-40 old mainland has those same breathtaking prices too, from what I've seen. I think some will stay for sale and super expensive for a very long time. I may not *hope* that, but I don't see anything coming into play at the current time that will change it.

I agree with all of this. The way some are putting many hundreds of USD into land that is not likely to sell at the inflated price seems to defy common sense.

I also think you make a fair distinction between investors and speculators. After all, not everyone is able to bid at auction (due to a variety of reasons). Or, perhaps, they may have the cash available a week after the auction but not at the time of the auction. A fairly-priced parcel, even if more expensive than the auction price, can reflect the 'convenience factor' of being able to pay when you have the money to pay.

(Not that I'm doing this myself: too rich for my blood!)

Anything that might come into the market to change it would be a disaster to the entire land market, IMO.

There were 8 parcels auctioned this morning at 11:00 am. All eight parcels were in Dido.

Dido - 8 parcels totaling L$270,190 for an average price of L$33,773.75. The lowest price paid at auction was L$29,940 and the highest was L$36,010.
- L$20's - 1
- L$30's - 7

The next Nautilus action today will take place at 12:00 pm and include 8 parcels:
- Adon - 7 parcels
- Elissa - 1 parcel

The third and final Nautilus action today will take place at 1:00 pm and include 8 parcels, all in Elissa.

There were 8 Nautilus parcels auctioned this afternoon at 12:00 pm. Seven parcels were in Adon and one parcel was in Elissa.

Adon - 7 parcels totaling L$223,100 for an average price of L$31,871.43. The lowest price paid at auction was L$25,010 and the highest was L$59,010.
- L$20's - 5
- L$30's - 1
- L$50's - 1

Elissa - one parcel was auctioned in this round for L$29,780.

The third and final Nautilus action today will take place at 1:00 pm and include 8 parcels, all in Elissa.

There were 8 Nautilus parcels auctioned this afternoon at 1:00 pm. All eight were in Elissa.

Elissa - 8 parcels totaling L$237,910 for an average price of L$29,738.75. The lowest price paid at auction was L$23,940 and the highest was L$62,510. Of NOTE: Yesterday's auction at 1:00 pm also sold 8 parcels, all in Elissa. Yesterday's Round Total was L$370,940 with the average price of L$46,367.50. Today's eight parcels in Elissa were down L$133,030 in total sales and L$16,628.75 in average price from yesterday's sells in the same sim.

- L$20's - 7
- L$60's - 1

Today's action totals for the three rounds: 24 parcels totaling L$760,980 for an average price of L$31,707.50. The lowest price paid at auction was L$23,940 and the highest was L$62,510.

Tomorrow, November 6, will have 3 Nautilus auction rounds with a total of 25 parcels on the block.

- 9:00 am - 9 parcels
Anath - 4
Suniaton - 5

- 10:00 am - 8 parcels
Anath - 1
Hamilcar - 5
Hannibal - 2

- 11:00 am - 8 parcels
Hannibal - 3
Melqart - 5

I found this description on my neighbour's parcel belonging to the Bloodlines group

"nasty nautilus shithole with dicks for neighbor's"

That rusty platform is gone. Someone must have AR them.

Seems like the prices in Nautilus finally are getting realistic. For a themed sim, prices in the 20's seem a lot more reasonable then prices in the 40's.

Today I did enter a bid, just to see how high it will go. If for a decent price I can get a parcel, I am glad to have satellite store, if not, no harm done

Prices are high in some places, but there are plots of land in Nautilus for rent too.

-2fast

Absolutely, and many at very reasonable prices and staying in-theme which is very much appreciated.

There were 9 Nautilus parcels auctioned this morning at 9:00 am. Four parcels were in Anath and five parcels were in Suniaton.

Anath - 4 parcels totaling L$194,370 for an average price of L$48,592.50. The lowest price paid at auction was L$42,010 and the highest was L$55,010.
- L$40's - 2
- L$50's - 2

Suniaton - 5 parcels totaling L$133,640 for an average price of L$26,728. The lowest price paid at auction was L$25,010 and the highest was L$29,100. Of NOTE: two of the parcels sold for L$25,010.
- L$20's - 5

The next Nautilus action today will take place at 10:00 am and include 8 parcels:
- Anath - 1 parcel
- Hamilcar - 5 parcels
- Hannibal - 2 parcels

The third and final Nautilus action today will take place at 11:00 am and include 8 parcels:
- Hannibal - 3 parcels
- Melgart - 5 parcels

There were 8 Nautilus parcels auctioned this morning at 10:00 am. One parcel in Anath, five parcels in Hamilcar, and 2 parcels in Hannibal.

Anath - 1 parcel totaling L$38,010.
- L$30's - 1

Hamilcar - 5 parcels totaling L$161,390 for an average price of L$32,278. The lowest price paid at auction was L$24,560 and the highest was L$36,630.
- L$20's - 2
- L$30's - 3

Hannibal - 2 parcels totaling L$107,800 for an average price of L$53,900. The lowest price paid at auction was L$42,010 and the highest was L$65,790.
- L$40's - 1
- L$60's - 1

The third and final Nautilus action today will take place at 11:00 am and include 8 parcels:
- Hannibal - 3 parcels
- Melgart - 5 parcels

There were 8 Nautilus parcels auctioned this morning at 11:00 am. Three parcels were in Hannibal, and five parcels were in Melgart.

Hannibal - 3 parcels totaling L$182,030 for an average price of L$60,676.67. The lowest price paid at auction was L$42,010 and the highest was L$70,010. Of NOTE: two parcels sold for L$70,010.

- L$40's - 1
- L$70's - 2

Melgart - 5 parcels totaling L$114,470 for an average price of L$22,894. The lowest price paid at auction was L$22,760 and the highest was L$23,060. Of NOTE: two parcels sold for L$22,760.

- L$20's - 5

Today's action totals for the three rounds: 25 parcels totaling L$931,710 for an average price of L$37,268.40. The lowest price paid at auction was L$22,760 and the highest was L$70,010.

Tomorrow, November 7, will have 3 Nautilus auction rounds with a total of 25 parcels on the block.

- 2:00 pm - 9 parcels
Suniaton - 9 parcels

- 3:00 pm - 8 parcels
Malchus - 8 parcels

- 4:00 pm - 8 parcels
Hamilcar - 8 parcels

I sense that LL and others would like to see Nautilus maintain a certain architectural style. With that in mind, does anyone know where or how you can buy as a prefeb one of the houses that you see all around Nautilus? I cannot find any information on this anywhere. Thank you

All of the LL houses are availabe free in the Nautilus Marketplace in the Shalim sim. There are also textures and decorating items there. Sorry, I don;t have a slurl right now, but if you type Nautilus - Shalim in the search field on the map it will teleport you to the correct sim.

Edit** grabbed a slurl for you
http://slurl.com/secondlife/Nautilus%20-%20Shalim/224/113/25

The houses are in the crates and urns around the market.