Base price of Mainland is actually up!

After the longest slump in SL mainland history, the base price of mainland actually rose from L$6.1-6.2 a meter where it's been languishing for the last two months to a base tonight of L$6.4. Not exactly the L$16 a meter base from a year ago, but it's got to be an encouraging sign to the land management folks at LL who must be nervously watching things ever since they realized they dumped too many sims to auction over the summer.

Could a release of new mainland sims be coming?

It's still higher than land-prices when I joined =P

To be perfectly honest I'm not sure that low main-land prices is actually that big of an issue for LL anyway; so people are paying less than half as-much for the land initially, they'll still have to pay LL the same amount of tier to keep it.

Yes, but until mainland prices go up, the aren't releasing any new sims to market, which would give them a small profit for each sim sold and a bigger one for the increased tier they will receive over time.

I paid 20k for a 1024 the other night ONLY becasue it was smack in the middle of where I was building and the seller was a pain in the ass. As the saying says ,,,, supply and demand.

Cheap land is good for buyers and for those new folks wanting to build but VERY bad for land traders.

It must be a result of the giant flood of CSI watching noobs who can't wait to scoop up land.

agreed.

and the base price is pretty irrelavant. thats just all the crap that is the last thing to sell. all good quality land prices have been climbing for a couple of weeks atleast.

Well a lot of bad news is "in the price" as they say.

In the last few days Ginko has finally ceased trading and paying interest on bonds (see news release on the WSE website), and the WSE itself was empty of avatars when previously it has been fairly full. Together of course with the ever-growing list of failed companies taking folks money in one way or another.

On the social side the gaming ban, the VAT issue for EU citizens, the (what I believe to be essential) restrictions on adult role-play, the voice cost issues, new island tier fees, and lower or zero stipends are again all well known and understood by SL residents.

You like to think it cannot get much worse from an economic view but who knows.

My own guess is that the economy side of things within SL may become less important as time goes on, and it may become much harder for SL residents to earn a worthwhile first life income. The only exceptions may be well run multiple island groups renting land, such as Caledon or Dreamland. That of course needs capital to cover start up costs nowadays.

Maybe the last few years when it was possible for an avatar to start a profitable business in first life terms without much capital or experience will be an exception rather than the future rule within SL. Which actually might not be such a bad thing when considered in the round so to speak

If I'm successful in my latest small-scale land purchase, I'll be happy with what I've got and will probably give up land dealing. One more land baronessette out of the loop!!

in my sim, no land has sold for less than 10m, and most is 12m+. there has never been a slump in my area.

LL uses the base price to determine when they will drop full mainland sims to auction and how many they drop. So I would say the base price is not irrelevant.

the sharks swallowed them.

i dont know where you got that info from but that is complete rubbish. they drop new land to auction based on the lindenx in order to maintain the stability of the exchange rate. my gosh i thought you would have worked that one out being such a smart ass

That's wonderful for mainlander's, but I can't sell my non mainland - land to save my life!

I got it from Jack Linden. Where do you get your information? Out of your ass?

Hamster's cute when he's riled up.

Why ever would anyone think such a thing? For that matter, why would anyone even pretend to think it? It would be like the FOMC manipulating the money supply by holding a bake sale.

Keep it up chaps, this thread is suddenly quite entertaining.

Actually, can you work it out for us and explain a little more?

I cannot see the link between the Lindenx and mainlands sims coming to Auction.

It's quite clear, along with the fact that the land on the first page is the last to sell...and here all this time I thought cheap land sold faster than more expensive land. I have a lot to learn...

Its amazing what changes can happen and how much one forgets after 4 days out the game.
You should of read your SL Survival Book while you was away.

Starting to think 4 days was not enough...

Yeah--I do a lot of land flipping and it really depends on how you market the land. My prices may seem high if you just think -- mainland 512. A lot goes into my marketing process: location (a lot of sellers don't think of that--they sell for 6.2 per meter (idiossy)), landscaping, low prim builds, etc. then I can sell a 512 for between 10k-20k.

Don't gasp--there's a lot of value--especially if it's your only parcel on a premium account. One time payment for something pretty nice--you can't beat that!

I think it's only been "languishing" to the people who thought they could make a killing by being virtual land barons...or otherwise investing in artificial real estate that has as much secure value as a dry popcorn fart.

For everyone else, plummeting land prices have been a nice thing to see...and haven't fallen nearly enough, IMHO. Burn, baby, buuuuuurn!

The drop in prices has hurt every person who bought land when it was higher and had to unload it due to VAT, high tier, less sales etc.

Very few land barons think they can make a killing, even the new ones. In the age of landbots, there is very little profit to be made in flipping land, regardless of what the base price is.