LL no longer constipated

They just dumped 27 new Mainland sims to auction. Those seeking lower land prices might want to watch what the market does over the next 2 days. Historically, when 16 or more sims get dropped to auction at once, prices go down either immediately because those holding land don't want to be undercut by the new cheaper sims or after the auctions end and the new sims that were bought for less get listed for less.

http://secondlife.com/auctions/

Interesting. This is the lowest I have ever seen auction prices this long after they were dropped to auction. I know we still have a day and a half, but usually it gets bid up a bit more 12 hours after they go active.

Thanks for keeping us up to date on this; I like the nudge. It is interesting to see what having more space at less cost will change for SL.

The new sims seem really beautiful to me but maybe all the sims are that way before we get the rotating signs and purple quonset huts.

I've been waiting for a day like this...

...gets his L$ ready for reasonably priced land again...

I watched a noted rotating ad guy have to lower the price on his own land because of his adjoining ad plots. A small victory in a very ugly war.

Land prices in world have been staying relatively low even when there were no sims on the auction block earlier. I wonder if the long term trend in land sales is going to be changing now that LL is cracking down on casinos and porn.

Have you looked at land for sale recently? I saw a 1500 plot going for what i thought was 42,500. When I looked again, it was actually 425,000L. I call that expensive.

Land for sale prices are meaningless until they sell. That price is wishful thinking on the part of the seller.

There's a 16m plot for over a million L$ that belongs to someone else, right smack dab in the middle of my home. At least nothing's on the little plot, whew. I put a railing around it so I'd know where it was- kept losing things I built too close to it due to auto-return.

Seems to me it's a good business decision for LL to keep land at low prices due to nice availability. Then plots will be bigger-- I think, at least in my case-- and the feel of things should ultimately be less crowded, seems to me. -- attracting more people. If tier takes care of the hardware well and gives LL a small profit and they can handle the growth and immensity of it all, the more servers the merrier, yay. The downside for LL being that they make less money on abandoned plots at auction- but I doubt that's a big part of their economic focus.

-Fo

Hi Raymond,

I also like your land updates. Have you ever considered setting up some kind of ongoing
virtual estate report?

Hi IM, it's pretty ironic you ask me to do this, since you sold me my very first plot of land (on Achemon) .

Alas, I don't have the time, other than my occasional posts here. Also, I don't really have any expertise. I just note things that are going on as I see them. Fer instance, I see a pretty big correction coming. It's the perfect storm of concerns over the performance of the Grid, all the "news" making buyers wary and general apathy.

16 more just dropped. Considering the current 27 are not being bid up very high and most are gorgeous waterfront, and the base price is already dropping to L$9.1 a meter, I predict the base price to be down to L$8.7 two days from now. Not bad considering a lot of that low priced land is actually pretty attractive and not too badly marred by rotating ads and lag.

For facts instead of opinions regarding mainland auctions, go here:
http://cosyhome.org/cgi-bin/auc_statistics/auction-stats.html

Given that the processing power to 'buck' ratio has dropped over the past 6 months, with the appearance of Dual core and faster FSB/ram configurations, coupled with HD space being almost at give away per gb prices, it's no wonder that new land prices have dropped or at least stabilized... theorectically as LL can now supply more servers that can support 4 virtual sims in the same rack space and with lower power usage (watts), connection speeds becoming greater for less money as the market place floods... this should influence land prices... I am just confused why they haven't invested in exchanging the older servers?

If that is the only thing you are confused about, you are very brilliant.

it was only oct nov and dec of last year, less then 1/2 a year ago that prices were in the 5 per sq meter



todays prices while being lower then last week, are still MEGA HIGH historicly speaking

And the total population and number of concurrent members is mega high compared to October too. I don't ever see it going back to 5 per meter. Unless they keep adding 100 sims a week with no let up.

Not really. Most people just remember when land cheap. It has gone up and down and up and down and up and now down again. Back in 2004 when I got my very first plot, I paid L$8995 for a 512sqm plot. It stayed high until the massive land dump of the snow sims. Until the dump, prices went as high as about 20l/m. I can see land going to about 7l/m and that being about the bottom.

I think LL has a pretty serious qualification/testing routine for new hardware. Even if newer & betterer hardware comes out, they're not going to start using it until they've pounded the carp out of it for a while and are sure it's going to work - I'm pretty sure that class 5 servers are all virtually identical and will stay that way. Any new hardware will go onto class 6 servers.

I thought there was a blog post about this around the time class 5 servers started getting ready to deploy but I can't find it.

No idea why they keep the class 3-4 servers. It could be that they just haven't got the spare hardware lying around or that they are upgrading them but it's a slow process - they don't get any more $ for upgradeing a mainland server so they're probably not in a huge hurry.

You know...it may be a horrible thing to wish...but...

...I REALLY hope land prices go back down, as I am morally against 'land speculation' (in RL as well as SL...I love that the RL housing market is dropping and speculators are getting it handed to them)...

See...buying more land than you need and then trying to sell the excess is done:

1--At the expense of your 'neighbor'

2--For NO reason other than to gain money for no work

Call me weird, but I don't screw people over for easy money.

HOWEVER:

1--Creating large rental properties and maintaining them = o.k.
2--Creating malls or shopping centers and renting them/maintaining them = o.k.
3--Selling either of those after a time 'cause you want to move on with the biz = o.k.

It's JUST pure speculation of "land-flipping" or, in RL, "home-flipping" that I'm against.


Wow...I guess my whole post was just a rant...heh...sorry.

PLEASE GIMME L$7/sq. m. land and I'll buy the rest of my sim!

I agree with most of that, Kenn.

Some land barons & baronesses are okay, though. I have nothing against somebody who makes their living finding nice places for people to live. It's the ones who take the "I don't do anything technically illegal so it's fine and I'll pretend to not understand why people hate me" attidude that I don't care for.

You may not get that today Kenn, but one hour and 30 minutes from now, some folks are going to be the proud owners of the least expensive waterfront land purchased in a loooooong time. Just a month ago, waterfront sims were getting bid up to $3500US and higher. Compare that to what these new waterfront sims are about to go for...

http://secondlife.com/auctions/

I find this comment very amusing coming from someone who just argued in another thread that people need to price their merchandise higher because stuff is "ridiculously cheap" in SL.

/327/5b/183187/1.html

Yes, I did argue that! And I stand by it! See above about how I'm morally against "land-flippers" because the "service" they provide is to screw their neighbor for an easy profit. If, say, it took WORK to create a PRODUCT...then...by all means, charge more!

Note also that I did not talk against all land-owner type activities. Creating and maintaining rental areas (both residential and commercial) is a service...building homes is a service...

...buying, repricing, and selling land just to reap a profit is NOT a service...it is a screwing over of people who could actually use that land.

Sorry...had to clear that up

Products = too cheap
Land-Flipping (SL AND RL) = immoral.

It's all good. But I'm still not raising my store prices. Let's agree to disagree!