Electra L$16 per m2

Are you kidding me? Electra on auction L$12 to L$16 with 10 hours to go.

Well, I'll always remember when Max Monde paid $200 for ~1024 m2 or something silly like that.

I agree though, 16 for Electra is a tad high.

I don't know if people think Electra is the telehub, or Electra is going to be a city, or whether the name itself is the cachet. Interesting.

Maxx Monde paid $252 I believe it was for Boardman. I bid against him but tapped out at $250 and didn't go that extra $2 to live near the Bright Center of the Universe. I have been wailing and gnashing my teeth ever since. That crazy bid war only happened because I had no idea he was bidding because I thought he wasn't going to buy any more land and I was just trying to help keep a contiguous plot for the overall Boardman project anyway.

I'm waiting to see if any of these New Continent plots really go sky-high because of the Linden builds around them. Like Zephyr, with that dream of a wooden bridge and little waterfall. I'd love to have that but I am tapped out now on the New Continent. Will hope it gets to someone who will keep it pretty.

if i were going to relocate fate gardens, it would be on the combined 9000sm lots on either side of the zephyr waterfall. but i'm way too attached to 40m terraforming to move away from the core sims. if the gardens ever move, it'll be due to them earning enough money to support a private sim.

what is the point of this thread? oh land prices, land is worth whatever people are willing to pay for it. i wonder how that $26,000+ island has panned out in entropia?

Of course, silly, Electra is worth $16 per m2 because somebody is willing to pay that. I'm curious about why?

Only the bidders really knows why its worth that to them -- but speculation about the speculators is useful. If I see the logic I might decide its worth $24 and go get in on it.

Buster

Hmm...interesting that every bit of Electra is bidding pretty high although not completely unreasonable for big parcels. Well, maybe somebody really wants a club named Electra, can't blame them.

It's annoying they didn't put auction pictures for the New Continent. It adds to that pig-in-a-poke feel.

I never trust the pictures anyway. Go there and look.

Which is kinda hard when SL is down

Oh, definitely never trust the pictures, I've been led astray that way in the sense of knowing a piece I wanted, then mixing it up on the auction because the auction picture looks different than it did in-world.

But in looking at lots of pieces of land, you need a picture to help remind you. The Linden picture often looks nothing like what the land looks like in world, but it is a help to have something to start with when it is on the auction. Really, for the prices being charged, they ought to provide the courtesy of a picture so you can at least orient yourself.

the SL website says the current average price for land is like L$13 a square meter. so L$16 isn't that crazy.

the SL website says the current average price for land is like L$13 a square meter. so L$16 isn't that crazy.

This figure is something I've been questioning. Because I don't see the land in world that is priced like this except for a lot of 16M parcels which could be driving it up, and the occasionally really high-end thing like the dam in Sutherland which was $14 per.

If that chart covers only the auction, I don't get how it could have a number like that. Auctions just don't have those numbers.

If it is cover the in-world prices, the tendency of people to write on their land $40000000000 could be doing it. That habit is a bad one LOL

Actually, not necessarily. Someone may have misbid.. no way to retract bids in SL.

Actually, I get 11 / m2.

701$ / 4.17 * 100=168000/14256 m2=11/m2.

Oh, but the other one went for 19/m2.

Yikes!

Looks like LL is having a hard time keeping up with the demand.

I wonder if they're marketing SL right now..?

What figure are you using to calculate the LL? The actual latest rates on the GOM or what?

As for how it will sell in-world and its cost, you have to calculate the tier per day at something like .0045 real-life dollars per square meter for around that level (and barons have very precise formulas for this I'm told) and you have to figure the GOM and PayPal fees coming in and out of the auction with a parcel. So add maybe 10,000 to the cost at least.

There's tons of land all over the place starting as low as $2.9 per m2. Certainly no shortage of land for sale!

New-n-different is always hot, but c'mon. This is nuts!

Most of the land at auction gets flipped and resold in-world at a mark-up. So whatever they pay at auction, they have to sell it for more in-world, and include the cost of tier between when it is bought and when it sells. You don't need a land baron supercomputer to figure out that the markup has to be 20% and up. (Tier is the variable -- if they think the land will move then they can plan a smaller markup.)

I guess the buyer must have something other than land-flipping in mind!

Buster

Well look at Avery now. It's not even new continent but it's going over $16/m2. Someone is trying to buy up all of SL I guess.

Why such an overblown conclusion based on one day on the auction and one sim somewhere? I think I'm going to have to take the time to do my reporting on "actual in-world prices samples" because there is so much speculation about this. There is nobody "trying to buy up all of SL" because even Anshe, who does buy up a good deal of SL has to sell SL, and right now it seems parts of SL are kinda sluggish. For example I've very greateful for the Anshe Chung Memorial Forest in Furness that bounds all my rental land, Anshe thoughtfully forested all this liquidated land she is reselling Will it sell in laggy faraway Furness? I dunno. All land sells someday, I'm told. But I've seen it sit for weeks. How about the parcels of all those people grabbed FREE TIBET? They changed hands once...there they sit, weeks go by. I just see a lot of land sitting, unless it is in a good place, then it sells.

The "2.9" idea Buster is snowland on the aptly named Ohno or something. There really isn't good 2.9 PG anywhere, it's mainly been snapped up. What there is of yesterday's good 2.9 PG is now 5 in places like Grace, Missauke, etc. around Wixom.

I just made a defensive purchase of water in Sutherland for $3999. I must made a sale of PG Alice waterview for $4.2. I mean, it really depends on what the stuff is next to.

Sorry I'll change my post. Or just make a correction. Someone is trying to buy a whole lot of SL no matter what the cost. Is that better? It just seemed like a lot of money to pay for land in the "old continent".

Please feel free to edit this comment too and I will adjust to appease you.

Whats wrong with Ohno then, prok ?

Very rude remark, if I might say so. Thanks for trying to drive down the value of my land still further.. Wheres yours _ Ill think up something nasty to say about it.........

Seriously, though, the undervaluing of snowland is sad, I think.

Seems to me its because people misunderstand what it is and how to make it pretty.

They just use it like ordinary ground which happens to be white. Total error. Pile it in lovely snowdrifts agains your walls and fences. Plant it with snowladen trees. Hang icicles from your eaves.

If I hadnt a thousand other things to do, Id put together a how.to.use.snowland.kit. Snow is great unless you dont know how to use it.

Ohno is just the land that is *already* the cheapest land often on the land list, and land that people dump often, and land that they even public often because they can't stand it. It has one particular bad White Cube of Death out there if I am not mistaken. I personally love challenges like Ohno and was going to try to buy Schwanson's dirt-cheap parcel there once he much have gotten from public but somebody beat me to id.



Geez, that's a very short-sighted thing to say. The market is the market. The prices are in the toilet in Ohno. The name itself sure doesn't help LOL. I'm reporting on facts, not creating them. If you are in Ohno and happy, don't look to me to put value on your land or censor my comments about the land market, the market spoke already on Ohno, not me LOL. And just because I *report* on the land market which is a public matter on the land list, you don't need to get all shirty and find some land of mine to attack, but let me help you do that, ok? Missauke, PG, wrong side of the tracks; hmmm let's see;;; Grace maybe? PG, hilly, too far from telehub....hmmm...well look on my list, I dunno, trash away : _)



I tend to agree. I got some great snowland as my first big purchase, half snow and rock. I loved it to death. I was forced to sell it, but still made a profit. Then I bought back some of it because I love it to pieces. It is undervalued, I guess, but there's a backstory there, where too much got dumped on the market with too much greedy anticipation, then the bubble burst. Whatever, the market spoke, so don't whine about it. The market is the aggregate of free people making free decisions, and if they don't jive with yours, well, too bad, everyone is as free as you are.




They tend to go the Alpine Villages cliche or Christmas town but there is so much more you can do. I'm actually bravely placing a lush Hanging Gardens of Babylon on my snow parcel if you want to talk about bold : )



Yeah, well that is staying with the snow cliche. You could also pretend it is desert. Ah well, stay with the snow cliche but you have provided some good ideas how to make it look good.




Um, sure, be superior, that's fine with me, and do the kit someday. The point is snow leads to cliches and they look too cutesie. And every land baron knows that snow is on the no-buy list. This is just the harsh reality of the land market. Some people can buck it and do ok. Maybe you are one of them. Do not kill the messenger.

the electra totals are $2,593 for 51,808sm in four auctions. i flew out there yesterday to be overwhelmed by whatever it was that made the land worth so much. the buyer is securing the land from ll so it wasn't a mistake, joke or attempt to prompt a reauction.

there is a bit of linden land, and a swath of first land in one corner. i wasn't overwhelmed; but i didn't look very hard either.

Obviously you mean $2593 US, which is an extraordinary amount for that amount of land.

I wonder if it says something about how difficult it is to get 4 chunks of one sim under your domain from the auction, if you want to set up areas that aren't private islands but more accessible. It might be that to get those 4 chunks (which you will really need to control a view corridor), you're going to have to bid against all the barons and choppers and flippers to put that space together. That might be the cost of what it is to get 4 chunks into one sim. LL has talked about selling larger pieces on the auction and more whole sims but maybe they have found no one buys them and they can get more from a player determined to put the pieces back together this way, rather than if they auction the sim as a whole. I have the impression that whole sims don't come up that often.

I think you are right Prokofy. The only way I'd want to own an entire sim is if it was on the main grid. Islands seem so lonely and you dont get too much fly-by traffic. So you either invest 'time' and try to buy up a sim you are in, or you do like this person and invest 'money' and get it quickly.