How low will it go?

Depends where and what it is I suppose...

I bought a large chuck of Triumphal, beach area that is essentially it's own island, with a LOT of water access, and then access onto Linden protected Ocean, and I paid 20L sqm.

I bought my view essentially.

Check it out in my picks if you are interested - we have pipes and fluffies on the water that is surfable

What I am saying is that what price do you put n what is prime for you? For me it was about protecting my view, making an investment, and protecting a large amount of the sim I am in from unsightlyness.

If the price goes down - it's no concern to me, I have the land because I love it and I wouldn't move.

if you like it and was not planning on going anywhere ..dont... i guess it was 18L$ for a good reason ?

im not happy about my landholdings being halved in value.
im not so sure having land ridiculously cheap is for the better either. now it requires only a $4200 investment to adcut a 512 on a new sim.

Your land might be halved in value but that applies, in general, to all land in SL. So you have only lost out if you want to sell off land to raise cash for another purpose. If you just want to move you haven't really lost anything. Selling land for 18L$ / m to buy other land for 18 L$ / m is the same as selling it for 8 L$ / m to buy more at 8 L$ / m.

Your land might be halved in value but that applies, in general, to all land in SL. So you have only lost out if you want to sell off land to raise cash for another purpose. If you just want to move you haven't really lost anything. Selling land for 18L$ / m to buy other land for 18 L$ / m is the same as selling it for 8 L$ / m to buy more at 8 L$ / m.


SORRY ABOUT POSTING TWICE - INTERNET PROBLEM!

the problem is that i churn land.

incidentally, ppl be careful with the 'waterfront' land. just because your house sits on the shoreline that doesnt change the fact someone is possibly buying an underwater plot in front of you. ive even seen a guy selling waterfront 1024's, the terraforming the plot in front and selling that as waterfront and so on.

Well is was in "my" sim, where hardly any land was for sale. And it was connected to the land I already owned. So, yes, it was extremely valuable for me.

And of course: As long as I don't sell it, I haven't lost anything yet. And I have been able to use that land for six months already.

Your replies have made me feel a lot better. Thanks!

If you click the Edit button to edit your post, there's an option in there for Delete Message.

I have land that has devalued as well and it also makes me very nervous. However, the more I think about it the more I think its *good* that land prices are cheap again in the long term. A lot of people were leaving SL because they were frustrated about not being able to afford land.

If this scheme by the Lindens works and encourages more users to buy land and more people join SL as a result that's good for business all around. I think if SL doesn't hit 100,000 concurrent users it wont start to be taken seriously(hopefully not this many before the infrastructure can handle that many) Lately, it seems I haven't seen many concurrent users over 40,000 but perhaps that's just the summer. Once we get a lot more users in SL, then LL might be more comfortable allowing land prices to rise.

Besides, certain types of land will always have value. While the standard landlocked 512m plot has plummeted in price, a beachfront parcel with an empty Linden ocean sim right in front of it is still valuable and not so easy to find even in the land glut. I've compared prices to those plots in Corsica--and many of them have the good old fashioned premium still attached and have experienced far less of a decline.

You can delete posts here. You can delete posts here.

It was 6.5 last night. Did you buy?

The low prices have brought some oldtime heavy hitters back to the market. Like the smartest stock market folk they will buy now because they know historically things will go back up. These infulential folk got prices back to 7.3 this morning from 6.5 last night.

nah i did not see, nor would i buy land at this moment, just because its 6.5 , imo i can do that in a few weeks, and can then be more picky

*i love the 9 in corsica_temp_naming in the SE corner

If the population count is stagnating for the first time in history, does history really matter? Are increasing land values really such a foregone conclusion?

im thinking there is already too much land out there.

Yes, in my mind they are. At least increasing from where they are now. All it will take is LL holding off on dropping sims to auction, and more land barons entering or reentering the market (which is happening already).

Population count is not as relevant as land baron count.

LL is dropping 'em to the auction page like they're red hot. 29 new sims just added and the base price is already at L$7.3 a meter and certain past bidders have yet to flip the 40+ sims they already bought but have not taken ownership of yet.

So, how low will it go?

judging by the "corsica_reg9" there will be atleast 7 more "reg's" , at a min. of 40sims per reg, it would mean 280 new sims (18million+sqm) ....atleast...

so 6.5 or lower is still a very safe/real estimate i guess

Another thing to factor in: it seems July will be the first month to ever have a (significant) drop of premiums:

http://www.secondlifeinsider.com/2007/08/10/second-life-premium-accounts-experience-negative-growth/

It will have to go at 4,5 at least so nobody will bid on the new sims.

I am amazed though with Lindens that they crash the land market in such way. Land market was one aspect of their economy. Lindens were supposed to keep stability in the market and not to ruin it. They were responsible for prices climbing in the past because they were not releasing sims at all, then they invited people to invest to island business keeping mainland on their own. Now they make mainland compete with island business and they ruin those who trusted lindens to start a business there. And last they crash the market so bad with making all dealing with land to loose money or to say better, they deevaluate all land.

And even some say that deevaluation is not a problem because you can exchange your land at a better rate, it's not completely true since many many people made a side investment on land.Truth is that all people holding land see now their asset value worth less.

Combine that with gambling ban and financial crash due to ginko and the last thing somebody could think is to have lindens crahing also the land market. It is not logical but it happens.

To do such a move just shows to me that this is their only option left to make an upturn in SL. A big shake out in economy hoping that things will change .

Funny thing is to see gods trying to crash their market, and land dealers trying to stabilize it.

Just some thoughts i have

Very interesting. I offloaded my mainland and downgraded to basic months ago. When I've required land since then, I've just bought it on private islands. However, with prices returning to the range they were at prior to the private island price hike announcement last November (you could get land for approx $L5.5 per sq.m for at least six months before that date), I'm VERY tempted to go premium again just so I can grab around 8192 sq.m of mainland.

yes but the new mainland is shit. land is so cheap already that people are buying up 4096 parcels, reselling some 512s and 1024s, and adcutting the rest. land on those sims will never be high value. its no coincidence that the oldest mainland sims are the best looking and free of adplots. the land price keeps the cutters out, and the lack of adplots keeps the value high.

me too i'm thinking of finding a group of people who are interested in buying in one sim as this is probably the wisest way to do it to keep the ads out. Of course the guys on the sim edges might have ad problems from the neighbouring sim.

I dont think they are ruining it I think they are bringing it down to the prices it used to be. When I started there was not this problem of spinning signs and stuff even in new sims. Today the minute a sim is released its made into a mess. For me if they dump so much land out there that those ad plots won't sell it will stop people from carving them up because they will just sit and rot. This is a good thing. When I bought land it was very cheap 3000k per 1024 or less. I had land in clear and agropos and not one single stupid spinning sign went up (err wait maybe 1 did temporarily in clear). I miss my land in agropos it was very nice and roadside but I had to sell it all up when I took a leave from the game for awhile and when I returned a couple months later the entire land sale system had gotten totally absurd and I went to private estate sims because of it.

I would like to switch back if possible, but I dont see that happening unless I can find a small group of people I know who wont carve up sims who can agree to all basically camp a sim and buy up every square inch of land on it so we can keep it sane looking.

well, i think your best course of action is to make a plan to buy a region. maybe create a group, get your partners together, have them donate tier, bid/win the sim, then only sell to group members. you would have to carry the upfront cost but you get it back with the land sales. and the tier would be covered by donations (im assuming the $195 isnt just automatically billed).
i dont know if there are any flaws in that plan, but its worth investigating IMO.

It might have changed since I asked, but as far as I know LL won't assign an auction to a group, only to a single resident, so the price to be recovered would be at least $195 extra (more if that person already owns mainland, since their existing tier would be bumped up to the 1/2 sim tier category).