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Cost to rent Land

VonGklugelstein Alter
Bedah Profeshinal Tekstur
Join date: 22 Dec 2007
Posts: 808
02-03-2009 05:31
Is there a way to find out what the average price is for rentals these days?

Are Mainland rentals less expensive than Estate Rentals?
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Elanthius Flagstaff
Registered User
Join date: 30 Apr 2006
Posts: 1,534
02-03-2009 05:43
Someone seriously needs to write a script that can analyse all the different estates out there and present the data in a uniform format. Much like the way google does with Google News. It's impossible to rely on user submissions like so many do. You need a custome parser for every estate.
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Qie Niangao
Coin-operated
Join date: 24 May 2006
Posts: 7,138
02-03-2009 05:50
The rental market is ill-served by all existing tools. Elanthius, you could have a good run, I think, by setting up a clearinghouse and usable web and in-world search tool for rentals. I mean, who better? And maybe eventually get profitably GOM'd, once LL figures out what it should be doing with XStreetSL.
Cael Merryman
Brain in Neutral
Join date: 5 Dec 2007
Posts: 380
02-03-2009 05:51
From: Elanthius Flagstaff
Someone seriously needs to write a script that can analyse all the different estates out there and present the data in a uniform format. Much like the way google does with Google News. It's impossible to rely on user submissions like so many do. You need a custome parser for every estate.


Well, it is about as bad as it gets right now for inconsistency, between an unsettled SL and an unsettled RL. Buying estate land from an estate owner is bad news lately - the estate owners may decide that they need to give away land to cover tier, which happened to me recently. The prices were stable and then several large owner/renters were lured away by other estates and the estate owner put land up at a level that undercut his long term owner/renters that remain. I can understand the reason and it doesn't impact me as much as some of the others, but I think that the sub-purchase model may be dead for all intents and purposes in SL. Maybe it has been and I didn't notice in time.

As it is, I am selling at a fraction of what I paid not long ago and I wouldn't really advise anyone to buy even at that level. I really expect just to walk away from it next week.
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Cristalle Karami
Lady of the House
Join date: 4 Dec 2006
Posts: 6,222
02-03-2009 05:52
There is supposedly a service that compares rentals as part of a marketing analysis, and is targeted toward business owners, but I wasn't willing to pay to get that information, it is several thousand L to get a copy, 7-8K iirc. I can't recall which organization grabs this info right now, and I can't tell you the quality of their work.
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Salvador Nakamura
http://www.sl-index.com
Join date: 16 Jan 2007
Posts: 557
02-03-2009 06:55
From: VonGklugelstein Alter
Is there a way to find out what the average price is for rentals these days?


As you understand only by checking it yourself


From: someone
Are Mainland rentals less expensive than Estate Rentals?


Yes in general mainland is cheaper then private islands, for mainland you can say the average is well below L$6 per prim per month, for islands this is certainly above L$7 *any lower would be very hard to profit from*


.
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Harmony Levee
Registered User
Join date: 8 Dec 2008
Posts: 189
02-03-2009 07:01
I need to say for my own reasons (aggitated and selfish) that I still have anger from the land price rape, not raise, rape. i hope the land market crashes and burns horribly, horribly, so people who want to have a nice little place for themselves don't need to feed the monster(s) rediculous amounts of money. I see 4096 lots for over 8000L a month! I owned 2 sims back in the day that cost me 16,000...full sims! Please land market, crash and burn. please? ok I feel a little better now.So whats next LL, real world domination? universal domination? sad, truly sad *claps sarcasticly*. ok done this time *smiles*
Cristalle Karami
Lady of the House
Join date: 4 Dec 2006
Posts: 6,222
02-03-2009 07:06
That's funny, Harmony, I thought it already did.
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Harmony Levee
Registered User
Join date: 8 Dec 2008
Posts: 189
02-03-2009 07:13
From: Cristalle Karami
That's funny, Harmony, I thought it already did.



I wouldn't consider that so much of a crash as a "Lets gie a little leway so people don't complain" type of thing. Common practice in monopolies
Cristalle Karami
Lady of the House
Join date: 4 Dec 2006
Posts: 6,222
02-03-2009 07:21
I sincerely don't know what you're talking about. Land is at 3.5L/m2. That is a fraction of what it cost when I got started 2 years ago. I'd say it has sufficiently crashed.
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Harmony Levee
Registered User
Join date: 8 Dec 2008
Posts: 189
02-03-2009 07:30
Well the average I am seeing for most is $4-$6 but then again I havent looked at them all which yes, I should of before ranting and raving. I think my real reason for it is the overpricers which I have seen alot of. I remember when I think the average price was $1-$2. Probably got a bit to do with that but yes, if the average is $3.5...not bad, wish it was better but. Sorry if I let my "grrrr" get in the way of my common sense of exploring before I talk, happens to me sometimes ;)
Kyllie Wylie
J-Rocker
Join date: 7 Mar 2008
Posts: 489
02-03-2009 07:47
From: Harmony Levee
I need to say for my own reasons (aggitated and selfish) that I still have anger from the land price rape, not raise, rape. i hope the land market crashes and burns horribly, horribly, so people who want to have a nice little place for themselves don't need to feed the monster(s) rediculous amounts of money. I see 4096 lots for over 8000L a month! I owned 2 sims back in the day that cost me 16,000...full sims! Please land market, crash and burn. please? ok I feel a little better now.So whats next LL, real world domination? universal domination? sad, truly sad *claps sarcasticly*. ok done this time *smiles*


wow they were giving away free sims back then? get them for Tier only! wish I was playing back then. and 16,000L for tier on a full sim? thats what about $60 US a month? Nice!
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Desmond Shang
Guvnah of Caledon
Join date: 14 Mar 2005
Posts: 5,250
02-03-2009 09:24
Not all land should be rented for the same amount.

It would be scary not to consider the look and feel of the place, the neighbours, the person you are renting from, the estate's overall occupancy, its policies and history.

That said, the top 5% of rates asked might not be worth it - no matter where it is :) Look for sane pricing too.
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Lear Cale
wordy bugger
Join date: 22 Aug 2007
Posts: 3,569
02-03-2009 09:45
Can someone please explain the L$3.5 average per square meter of private island land? It seems high.

I'm paying L$7500/month for my 4K commercial plot, with zero buy-in. This is higher than a lot of other places I considered -- typical being more like 6500 -- but sim owner is a trusted friend, and the land looks good and is likely to stay that way, no ugly warehouses etc. (WHY don't people put those blasted things in the sky ... ah well.)

In any case, L$3.5 / m2 would be L$14,336 for my 4K. When I was looking I didn't see any priced nearly that high for commercial, and residential was even lower unless it was part of a premium build.

What am I missing here? I admit I'm a newbie to land rental.

BTW, on XStreet today I saw 8K commercial plots advertised for L$3500/mo, with a nominal buy-in. 1875 prims, as expected, so could this be openspace? /me scratches his head.
Lear Cale
wordy bugger
Join date: 22 Aug 2007
Posts: 3,569
02-03-2009 09:50
From: Desmond Shang
Not all land should be rented for the same amount.

It would be scary not to consider the look and feel of the place, the neighbours, the person you are renting from, the estate's overall occupancy, its policies and history.
Absolutely. However, there should be a fairly clear lower bounds based on actual underlying costs.
Cristalle Karami
Lady of the House
Join date: 4 Dec 2006
Posts: 6,222
02-03-2009 09:52
From: Lear Cale
Can someone please explain the L$3.5 average per square meter of private island land? It seems high.

I'm paying L$7500/month for my 4K commercial plot, with zero buy-in. This is higher than a lot of other places I considered -- typical being more like 6500 -- but sim owner is a trusted friend, and the land looks good and is likely to stay that way, no ugly warehouses etc. (WHY don't people put those blasted things in the sky ... ah well.)

In any case, L$3.5 / m2 would be L$14,336 for my 4K. When I was looking I didn't see any priced nearly that high for commercial, and residential was even lower unless it was part of a premium build.

What am I missing here? I admit I'm a newbie to land rental.

BTW, on XStreet today I saw 8K commercial plots advertised for L$3500/mo, with a nominal buy-in. 1875 prims, as expected, so could this be openspace? /me scratches his head.

It's not private island land, it's mainland purchase price. As for island purchases, well, the trend has been toward no buy in more than 1L, just pure tier.
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Affordable & beautiful apartments & homes starting at 150L/wk! Waterfront homes, 575L/wk & 300 prims!

House of Cristalle low prim prefabs: secondlife://Cristalle/111/60

http://cristalleproperties.info
http://careeningcristalle.blogspot.com - Careening, A SL Sailing Blog
VonGklugelstein Alter
Bedah Profeshinal Tekstur
Join date: 22 Dec 2007
Posts: 808
02-03-2009 21:22
thanks
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