When Did Land Get So Expensive????

Well, I use the word greed... and no, not because I can not effort anything in this market. I have choisen last week to buy twice lands at highly over rated prices (one 512 plot for 15000 and another for 10000). Because I wanted it and I can effort it... but seeing L$-signs in the eyes of the seller.

First off if you are going to quite me then do not snip the quote to make it out of context. Thanks.

Secondly you do realize that "protected" markets are often the ones that have the worst problems when it comes to equitable distribution of goods and services. It's well documented (again, "Thomas Sowell" in Google, he's an economics professor and a prolific web presence) that when a market is "protected" it often leads to an extreme shortage of goods, normally at the expense of the people it is supposed to "protect". It is no coincidence that the freer a nation's market is the lower it's unemployment rate is and the higher it's output per capita is. So saying yo prefer some protected markets is not a badge of honor, it is a badge of ignorance.



Again, define "greed". Excessive pricing by who's standards? By definition in a free market the only excessive pricing is the one that goes unpurchased. It's just that simple. As I said before it is an extremely common mistake that people make when they say "That item is not worth that much". Doubly so when it is uttered about something in an MMOG. They forget the final two words every time. "That item is not worth that much, to me." They think they are the beginning and end of the market instead of one, often statistically insignificant, data point within the much larger collective of individuals who engages in voluntary transactions. That's the market. So if someone, somewhere, values that item, whatever it is, at the posted price and purchases it then by definition the price is NOT excessive and thus, in turn, the individual posting it was not greedy, just smart.

It has been my experience that people who use the word "Greed" when it comes to markets are only showing their own envy of other's assets and their own inability to perform to the same level.

This is a typical discussion of new small business people in RL.

When I see a piece of land that was forsale at 2000l 6 months ago for 512 and now is going for 10,000l It just makes you wonder the mindset of these totally miss guided, totally out of their sl and rl minds.........

I have noticed that the privately owned island parcel renting prices vary too. Some cost more than others, so also there you can think will you take 512sqm or 1024sqm with the same amount of money.

I wonder if the lack of First Land is because of lack of manpower at LL, rather than a lack of 'land'?

I was walking around earlier today and I found three 512m parcels that were named "First Land" and the description was "Land For The Landless". They were all owned by Governor Linden. And none of them were for sale. The 'claimed' dates were in March and April of 2006. (I'm assuming that's the date that Gov. Linden retook ownership of the land. If not then my mistake.) This is in an established region in the southern continent. So there is land out there. It's just not for sale.

So have they 'forgotten' that this land exists? With the various database and search issues, maybe they really have 'lost' track of it. I'd think it would take only a few minutes to go and flag all three plots 'for sale'. And this is just one corner of a single region. I'll bet there are all kinds of 512m plots in older sims that have been reclaimed or abandoned, that have never been put back up for sale.

-Atashi

Maybe all people do not have the time or willingness to search for more affordable land, so they just buy the expensive land that they find easily.

But what if some people do not know that there are cheaper land too, then they might think that SL is bad "game", because they get only that small plot with that much of money. Of course SL gives you much better experience, if you spend some time to find more land with the same price. It is not as fun to sit in a 512sqm plot, if you could have gotten a 1024sqm plot with the same price somewhere else.

I have noticed that the privately owned island parcel renting prices vary too. Some cost more than others, so also there you can think will you take 512sqm or 1024sqm with the same amount of money.

You're not going to find a 512 lot on a PI for 10,000. You'll only see a rip off like that on mainland.

Consider this, a PI (even with the price increase) sells for $1,675 USD. A mainland sim is selling at auction right now for over $3,000 USD. It's the same size and with a PI you get less lag, more control and you really do own it. Now....why would ANYONE pay almost twice as much for a mainland sim? I'll tell you why. The only people buying mainland sims are land barons sectioning it off and selling it for inflated prices and making a buck. Again, i'll say.... if you want this insanity to stop then stop buying mainland at these ridiculous prices. How long do you think a land baron will hold on to a full sim of land and pay $195 per month with no one buying it? Not long.....eventually he/she will cut thier loses and sell the land cheap just to get out of the tier fees. Think about it.

Saw some new land yesterday for the first time since joining. Teleported there like crazy. Are full of ppl flying around like crazy over 12 or so plots. Some cheering most cursing.

For some odd reason a single lot in the corner was left alone. And I wandered up to it and simply bought it.

Still amazed that it wasent taken since nearly 30 ppl were running about. *Yay for me*

Today when I logged in about half of the lots were for sale for 15000 each. Sale signs allready up.