Second Life Forums Archive - Current Land Prices - Redux

Haney Linden

Senior Member

Join date: 3 Oct 2002

Posts: 990

02-07-2005 12:36

From: Randomal Manimal

Myself and some friends are new to second life having come here from other 3D chat/game sites. We are watching what happens for a while before taking the plunge into premium membership. None of us are rich and so it is doubtful we will start with anything other than new land.

So far we have seen only one plot of new land that was of interest and another newbie was just in the process of buying it. It was a piece of waterfront which is what we want however it seems most of what is currently being built is landlocked.

We are not complaining we can enjoy Second Life quite happily with the single payment and wait until what we require is provided by Linden after all a lot of the land already created has lots of inlets etc to provide plenty of water frontage and no doubt Linden can design more like that, so why rush in?

I think all newbies would do well to consider this, after all Linden Labs are wealthy enough to get by without you paying a monthly contribution, so pay the single one off payment and sit tight and watch for a while if you can't find what you want straight away.

RM

Well, First Land is already really subsidized - sometimes 1/5 the market value so we rarely offer shoreline plots. However, if there are a lot of Basic users who would purchase land if we offered better parcels, we might do it.

Anyone else in this situation? What would others think about a shift like this?

eltee Statosky

Luskie

Join date: 23 Sep 2003

Posts: 1,258

02-07-2005 12:42

From: Haney Linden

One problem with auctions for $L is that bidders need to have the $L in their accounts before they can bid. For some, that means buying L$ for US$ before they can bid, and then not always winning.

However, if we thought that more auctions for L$ would mean greater income from land tiers, then I imagine we would offer more.

Any thoughts from you all? If we offered more parcels for $L, would you buy more land?

personally i would like to see 'recycled' plots (plots that have gone from existing players back into the auction system) all sell for $L... generally these plots are much more likely to go to established players, trying to expand their existing, often neighboring, plots, and they generally are players who will have the $L to spend on them already, rather than forcing us to sell lindens to $RL and take a several tier hit from GOM and paypal etc trying to get that money transferred to real world cash to pay the credit card bill the auction incurs.

Plots in new sims are much more likely to be bought by totally new players, or by existing 'land brokers' both of whom are more likely going to be apt to buy with RL cash as either they don't have the lindens to funnel into the system yet, or they have already existing lindens to cash cycles via selling to pay tier fees etc.

_____________________

wash, rinse, repeat

Hank Ramos

Lifetime Scripter

Join date: 15 Nov 2003

Posts: 2,328

02-09-2005 18:30

With the new continent just announced, will the land market "tank"? Land prices imho are already low. With a huge influx of land, large amounts of land already for sale, and no corresponding huge influx of new members, won't this be the reverse of the land shortage of last summer?

Haney Linden

Senior Member

Join date: 3 Oct 2002

Posts: 990

02-09-2005 21:05

The key factor is how many sims are auctioned a week, not how much new land is designed.

StoneSelf Karuna

His Grace

Join date: 13 Jun 2004

Posts: 1,955

02-09-2005 21:23

From: Haney Linden

Well, First Land is already really subsidized - sometimes 1/5 the market value so we rarely offer shoreline plots. However, if there are a lot of Basic users who would purchase land if we offered better parcels, we might do it.

Anyone else in this situation? What would others think about a shift like this?

how about offering larger/better first land plots for tier paid in advance?

_____________________

AIDS IS NOT OVER. people are still getting aids. people are still living with aids. people are still dying from aids. please help me raise money for hiv/aids services and research. you can help by making a donation here: http://www.aidslifecycle.org/1409 .

Unhygienix Gullwing

I banged Pandastrong

Join date: 26 Jun 2004

Posts: 728

02-10-2005 14:20

Haney, I've brought this up with you before.

If LL is concerned with getting longtime landowners, they should offer discounts not only based on size of land, but also (as a second alternative) to people who pay tier in advance; a lease if you will.

If I could get the same per-meter tier price as a person who owns an entire sim, I'd gladly take 1/8 of a sim in tier, and commit to an annual lease, say paid quarterly in advance. That would work out to ~$25.00 per month, but I'd have to pay $75.00 per quarter, and be committed for a year.

This would be comparable to the Annual memberships, where you give members a discount if they commit to SL for a year at a time, instead of a month at a time.

What does LL find about the length-of-term for tier users? Do you need more ways to encourage people to take over tier and manage land? or do you already find that most who take on tier tend to hold on to it for long, stable periods of time?

Current Land Prices - Redux
Haney Linden Senior Member Join date: 3 Oct 2002 Posts: 990	02-07-2005 12:36 From: Randomal Manimal Myself and some friends are new to second life having come here from other 3D chat/game sites. We are watching what happens for a while before taking the plunge into premium membership. None of us are rich and so it is doubtful we will start with anything other than new land. So far we have seen only one plot of new land that was of interest and another newbie was just in the process of buying it. It was a piece of waterfront which is what we want however it seems most of what is currently being built is landlocked. We are not complaining we can enjoy Second Life quite happily with the single payment and wait until what we require is provided by Linden after all a lot of the land already created has lots of inlets etc to provide plenty of water frontage and no doubt Linden can design more like that, so why rush in? I think all newbies would do well to consider this, after all Linden Labs are wealthy enough to get by without you paying a monthly contribution, so pay the single one off payment and sit tight and watch for a while if you can't find what you want straight away. RM Well, First Land is already really subsidized - sometimes 1/5 the market value so we rarely offer shoreline plots. However, if there are a lot of Basic users who would purchase land if we offered better parcels, we might do it. Anyone else in this situation? What would others think about a shift like this?
eltee Statosky Luskie Join date: 23 Sep 2003 Posts: 1,258	02-07-2005 12:42 From: Haney Linden One problem with auctions for $L is that bidders need to have the $L in their accounts before they can bid. For some, that means buying L$ for US$ before they can bid, and then not always winning. However, if we thought that more auctions for L$ would mean greater income from land tiers, then I imagine we would offer more. Any thoughts from you all? If we offered more parcels for $L, would you buy more land? personally i would like to see 'recycled' plots (plots that have gone from existing players back into the auction system) all sell for $L... generally these plots are much more likely to go to established players, trying to expand their existing, often neighboring, plots, and they generally are players who will have the $L to spend on them already, rather than forcing us to sell lindens to $RL and take a several tier hit from GOM and paypal etc trying to get that money transferred to real world cash to pay the credit card bill the auction incurs. Plots in new sims are much more likely to be bought by totally new players, or by existing 'land brokers' both of whom are more likely going to be apt to buy with RL cash as either they don't have the lindens to funnel into the system yet, or they have already existing lindens to cash cycles via selling to pay tier fees etc. _____________________ wash, rinse, repeat
Hank Ramos Lifetime Scripter Join date: 15 Nov 2003 Posts: 2,328	02-09-2005 18:30 With the new continent just announced, will the land market "tank"? Land prices imho are already low. With a huge influx of land, large amounts of land already for sale, and no corresponding huge influx of new members, won't this be the reverse of the land shortage of last summer?
Haney Linden Senior Member Join date: 3 Oct 2002 Posts: 990	02-09-2005 21:05 The key factor is how many sims are auctioned a week, not how much new land is designed.
StoneSelf Karuna His Grace Join date: 13 Jun 2004 Posts: 1,955	02-09-2005 21:23 From: Haney Linden Well, First Land is already really subsidized - sometimes 1/5 the market value so we rarely offer shoreline plots. However, if there are a lot of Basic users who would purchase land if we offered better parcels, we might do it. Anyone else in this situation? What would others think about a shift like this? how about offering larger/better first land plots for tier paid in advance? _____________________ AIDS IS NOT OVER. people are still getting aids. people are still living with aids. people are still dying from aids. please help me raise money for hiv/aids services and research. you can help by making a donation here: http://www.aidslifecycle.org/1409 .
Unhygienix Gullwing I banged Pandastrong Join date: 26 Jun 2004 Posts: 728	02-10-2005 14:20 Haney, I've brought this up with you before. If LL is concerned with getting longtime landowners, they should offer discounts not only based on size of land, but also (as a second alternative) to people who pay tier in advance; a lease if you will. If I could get the same per-meter tier price as a person who owns an entire sim, I'd gladly take 1/8 of a sim in tier, and commit to an annual lease, say paid quarterly in advance. That would work out to ~$25.00 per month, but I'd have to pay $75.00 per quarter, and be committed for a year. This would be comparable to the Annual memberships, where you give members a discount if they commit to SL for a year at a time, instead of a month at a time. What does LL find about the length-of-term for tier users? Do you need more ways to encourage people to take over tier and manage land? or do you already find that most who take on tier tend to hold on to it for long, stable periods of time?

Welcome to the Second Life Forums Archive

Current Land Prices - Redux