And I thought 100K Lindens for a 512 m2 plot in Boardman was nutz
|
|
Lizbeth Marlowe
The ORIGINAL "Demo Girl"
Join date: 7 May 2005
Posts: 544
|
11-10-2005 14:42
|
|
Hiro Queso
503less
Join date: 23 Feb 2005
Posts: 2,753
|
11-10-2005 14:45
Yup, there was another thread in general about this maybe a week ago. I am awaiting the first million dollar deal  |
|
Gabe Lippmann
"Phone's ringing, Dude."
Join date: 14 Jun 2004
Posts: 4,219
|
11-10-2005 14:49
The rental market in Miami must suck.
_____________________
go to Nocturnal Threads 
|
|
Krazzora Zaftig
Do you have my marbles?
Join date: 20 Aug 2005
Posts: 649
|
11-10-2005 14:54
He has a 2490357823940578234578 billion m2 plot online but his RL plot is a 16m2 with spinning neon lights and picture of Bush.
|
|
Hiro Queso
503less
Join date: 23 Feb 2005
Posts: 2,753
|
11-10-2005 14:55
From: Gabe Lippmann The rental market in Miami must suck. Well what he stated is the same here in the UK, is it different elsewhere in the US? In the UK, the rent you collect covers the mortgage and repairs, possibly more if you're lucky. That doesn't even factor in problem tenants who refuse to pay rent and you have to go thru the courts to evict. Certainly here, if you buy a property to let out, you can't expect to be making much more than the equity on the property. |
|
Gabe Lippmann
"Phone's ringing, Dude."
Join date: 14 Jun 2004
Posts: 4,219
|
11-10-2005 15:02
It is most certainly different where I live. Of course, I'm talking multi-unit buildings, but due to the glut of gentrification here, there is a lack of suitable rental units. As such, there are plenty of suitable renters. Additionally, the pattern of late is to buy, rent for a few years, creating a decent cash flow for yourself, wait for property values to increase, and sell to developers. Rinse and repeat.
This doesn't even cover what is called Section 8 housing, which is a program to provide decent, affordable low income housing. In essence, the city government pays the difference between lessee payments and market rental rates. It is very lucrative.
_____________________
go to Nocturnal Threads
|
|
Tya Fallingbridge
Proud Prim Whore
Join date: 28 Aug 2003
Posts: 790
|
11-10-2005 15:04
Yes.. PE is an interesting game.. hard to make money though. graphics are beautiful... oh... thats all i will say  |
|
Hiro Queso
503less
Join date: 23 Feb 2005
Posts: 2,753
|
11-10-2005 15:06
From: Gabe Lippmann It is most certainly different where I live. Of course, I'm talking multi-unit buildings, but due to the glut of gentrification here, there is a lack of suitable rental units. As such, there are plenty of suitable renters. Additionally, the pattern of late is to buy, rent for a few years, creating a decent cash flow for yourself, wait for property values to increase, and sell to developers. Rinse and repeat.
This doesn't even cover what is called Section 8 housing, which is a program to provide decent, affordable low income housing. In essence, the city government pays the difference between lessee payments and market rental rates. It is very lucrative. Sometimes there are opportunities, but they are few and far between. Because of their scarcity, those that do come up are already sold when advertised - many developers have the estate agents in their back pocket. |
|
Hiro Queso
503less
Join date: 23 Feb 2005
Posts: 2,753
|
11-10-2005 15:07
From: Tya Fallingbridge Yes.. PE is an interesting game.. hard to make money though. graphics are beautiful... oh... thats all i will say What's PE? |
|
Tya Fallingbridge
Proud Prim Whore
Join date: 28 Aug 2003
Posts: 790
|
11-10-2005 15:08
From: Hiro Queso What's PE? Project Entropia. Just wanted to add that a portion of his contribution was due to his PED ( one of the game currencys in PE) |
|
Tya Fallingbridge
Proud Prim Whore
Join date: 28 Aug 2003
Posts: 790
|
11-10-2005 15:10
IF you put all the sim together in SL.. this will tell you how large his property.. its a continent.
|
|
Hiro Queso
503less
Join date: 23 Feb 2005
Posts: 2,753
|
11-10-2005 15:16
From: Tya Fallingbridge IF you put all the sim together in SL.. this will tell you how large his property.. its a continent.  |
|
Tya Fallingbridge
Proud Prim Whore
Join date: 28 Aug 2003
Posts: 790
|
11-10-2005 15:18
uh huh  An island here is well just an island lol and island there is well a continent (sp lol end of the day) on planet Calypso |
|
Jake Reitveld
Emperor of Second Life
Join date: 9 Mar 2005
Posts: 2,690
|
11-10-2005 15:30
110k lindens for a 512 in boardman is insane. Even if you do get to lvie close to ingrid.
_____________________
ALCHEMY -clothes for men.
Lebeda 208,209
|
