The Great SL Recession of '04?

The drop in land prices and the drop in the L$ go hand-in-hand. Auction land denominated in L$ is the biggest siphon of L$ out of circulation, so as land prices drop, the number of L$ being removed is reduced as well.

This will be a little trickier for LL to manage if they do indeed want the money supply to grow at the same rate as subscribers. They could auction more land in L$, but that's going to affect their bottom line. LL investors will want to see as much of that new land denominated in US$ as possible.

The alternative would be to downwardly adjust the forumulas for those L$ that come into existence (primarily weekly stipends and daily dwell payments).

- Ace

This thread is neither about realtor business nor about my business but about state of SL economy as a whole. If people like you consider my contributing to this thread or my starting another thread about how to help SL grow only to be self-motivated "complaining", then all you achieve is that I keep my observations to myself and stop contribute to useful discussion and simply go about my business without giving one *censored* about SL economy eroding even further.

As an aside, I feel it's important to point out that Phillip later retracted his statement about camping at the Newb area.

-Meiyo

Did you honestly expect anything different?

Yeah, he editted it out of his blog as well. Which is why that wasn't included in my quote.

You are right, might have been a bit optimistic hoping for productive discussion without personal attack. Now that some of the forum troll seem to find their way back I am off before the baroness bashing distract from the real problems of SL. Take care

i dunno Anshe, what are you after? i guess it's not sympathy since you said you're not complaining. if you really are vital for the SL economy all by yourself maybe Linden needs to nationalize you to protect the economy.

businesses come and go and if yours is going you need to get into another line of work. you don't owe it to the economy to hang on and take a loss just to save it (if that's even possible). am i completely wrong or if all y'all cashed out wouldn't the land still be there and be for sale until someone else bought it? it's not like you're making clothes and if you go then no one else will sell your clothes. land stays put right?

am i fucking dense or is it normal not to understand what the problem is in every single "Big Problem in SL" post?

Hey, did the thread all of sudden get a lot better?


Aaaah..


Anyway, about the L$. Down it goes! Where it stops, nobody knows!

I'm going to assume rhetorical.

The point is that Anshe is one of few who have made very significant investments.

She is rapidly becoming a cautionary tale for anyone else who is interested in making similar type investments in SL.

Cautionary tales, btw, are a bad thing when it comes to investing. Not a good thing.

I am bear, hear me roar.

- Ace

Dude, you're totally waiting down at $3.20 aren't ya

hehehe.

But I won't guess, it is interesting though.

I don't have the patience to read all of the replies, but wish to address the original post. My opinion is strictly one of a non-financial viewpoint. I am but a consumer, not a creator. I personally hate malls. It is impossible to find anything if you go there in search of any one specific thing. I admit I started out my shopping rhoutine by just starting at the beginning and spending the next 8 hours sorting through booths and endless merchandise, but have since started using the Find option to narrow down the locations that are classified as having a particular good. I now shop at only specialty stores that I'm in and out of in less than 10 minutes with the item I had in mind safely tucked into my Inventory. Down with the malls! *ducks and runs*

While I'm always honest about my position and try to share my true views of the GOM marketplace, I tend to not reveal specific orders that might be mine.

However, I assure you that NONE of that money sitting at $3.20 is mine. There's somebody else sitting there with US$3000, waiting to buy.

- Ace

Not true.... even if you only mean significant in terms of $US. Anshe is just very visible, her practices and line of work also draw a lot of comment.

Diversification is still the key to riding out economic lows and changing market directions.

Surreal

I should probably add to this thread again, lest my earlier post be somehow misconstrued. Anshe's business, or Anshe Inc., if you prefer, worked based upon the manipulation of markets. Calling the comparison I draw a personal attack is so much hand waving and smoke and mirrors in an attempt to draw the reader's attention away from reality. As far as I know, Anshe is a fine and upstanding person who pets kittens, scratches the ears of dogs, kisses babies, and donates all her proceeds to charities. That said, she is influencing my world-- our world, and I'll be damned if, after being solicited for an opinion, I'll stand by while that opinion is attacked without consideration of its meaning or why it might be expessed.

As for malls, I would welcome their decline. Malls and advertising mar the view and, perhaps moreso than any other class of build, saturate my video cards texture memory. This isn't the intent of the proprieters, but it is the impact they have, and I welcome any relief from it. Better for an artisan to live, surrounded by their builds in context, which can also happen to be marked for sale such that a visiting friend or explorer, if so inclined, can purchase.

frig... let's add some more uncertaintity into the mix.

The GOM ATM in Shinda is timing out after 1.5.6, so nobody can get L$ in or out. I certainly hope this is a short-term condition.

- Ace

OooOoOO!!

Well, we'll see, maybe a temporary thing. But we both know what happened last time with the L$, don't we?

SELL SELL SELL!!

Heheh.

Slip'n'slide

Down to $4.00 last (L$1.00 in the old blocksize equivalent).

I'd better put my parachute on...

nevermind... it seems to be working now... probably just an email delay created by the whole grid coming up afresh.

- Ace

I know better tools for searching for objects are in the works. My guess is once those are delivered the mall scene my take a downward spiral. If users can search for objects they're looking for there won't be much of a need for searching thru a mall on foot. I could see a lot of 512m plots replacing 10 small rental stalls a business owner has spread across the world. Like I said.. just a guess.

-Meiyo

It's a very good guess.

Hopefully, LL will give a roadmap when object search comes out so that people with malls can start downsizing them.

Anytime you need anything just hollar

Prices are not as a historical low. Let me know when the average price of 2048 meters of land is selling for less than $L1500. Then it'll be at a historical low.

You DID know that public land sold for $L1/meter, right?

*reads rest of the thread*

LF

So, what, you want the land to stop growing so some people can make a killing at an artificially limited resource?

So, you're FOR a monopoly?

Or what?



First of all, buying and selling land isn't content. It's speculation. Second of all, adding more land into the Grid isn't "breaking" anything, it's just making the current land market valued a little more in the long run.

Third of all, adding more land to the Grid makes absolutely NOTHING "unuseable"sic); if anything, it makes 40 more Sims "usable".




It's pretty easy, really... when the current groups of Sims start running out of land to auction, they add more land to the system to auction.

Ta-da! Now wasn't that easy?

LF

Au Contrare - I think a land barons business model being broke becuase 'wups we added 40 sims' is farking hilarious. In fact I've busted up out loud 7 times catching up with this thread.

When people were flogging land for over 10 bucks a meter all I heard was 'Free Market - this is the Free Market'. Now that things ain't so good all I hear is 'The economy is broken!'

If the value of the $L being low is the price to pay for watching this - I for one am more than willing to pay it..

As for me - I make what I wanna make and enjoy myself - anything I get is more or less 'free and clear'. I don't count time spent on hobbies and relaxing as 'business time', and so even if it were .01c a block, I'd still be making a profit.

Siggy.