New Continent Coming to Second Life Mainland

In case you missed this today............ can you imagine if you had shelled out $3500 for a new sim in the last couple of weeks............ man...... how do you say DISASTER.... LOL



New Continent Coming to Second Life Mainland
Tuesday, January 30th, 2007 at 1:00 PM PST by: Robin Linden
Over the last several weeks we have been adding land to the mainland at a fairly slow rate (4 new regions per day) while we complete the delivery of islands ordered at the end of 2006. The result is that pricing has been creeping up steadily and is currently about double what we saw per m2 in November. In order to meet the increased demand, our plan is to start to increase the rate at which we put mainland regions online.

Look for a substantial new continent to begin to appear off to the east!

This increase in land supply should also help to offset the impact of the use of ‘bots as high speed land scanners to skim off the lowest priced, and generally smaller, less desirable parcels. In addition, we’re looking at adding a step to the purchase process which should make it more difficult to use ‘ bots in purchasing land.

I kid you not, I just did a search and I am seeing 2000sqm + parcels priced at 5.6L a sqm.

Whoa. I am standing on a 2144sqm parcel priced at 12,000L now and it isn't half bad with a view of the bridge in Whinlatter.

Good, hopefully some of those land barons lost out big! Less competition for me that way

I just sudivided my "test" parcel.. they're priced well below market, and no takers. Interesting.

I wouldn't doubt that initially some people will overreact and underprice their properties. I'll definitely be keeping an eye out for that. In the end, how much they crash really depends on how much trust land barons have in LL. As long as people continue to pay 3000usd for sims, prices won't fall -- there's nowhere for them to fall to. However, if sims start going for 2500usd, 2000usd, etc expect massive price crashes - not really a bad thing for anyone as long as they're prepared for it

Reece, would you put ANOTHER 3500 in a sim now with the news? I wouldn't go much higher than $1000 now. I thought 4 sims a day was crazy but a new continent? It would take literally 100,000's of $ to corner that market. It really depends on how the L's roll it out. I would prefer to see auctions on smaller parcels instead of whole sims. 4096 plots would be a good idea, but certainly no more than 1/4 sims.

For those of us that like to build and build big...... thats me LOL. I am looking forward to having a 8000+ sqm parcel to just play with as a home/junk yard.... whatever.

You're right, I for one would certainly not put $3500 in at this time. But there may be a few players out there who reckon they can just buy every single sim LL puts out to keep prices inflated -- perhaps it's possible, maybe a few of the land barons are extravagantly rich...

I certainly hope that's not the case though. I think there's more profits to be made for most of us with say <$20,000usd in SL should prices fall. Lower prices allows us to buy more land and likely, those who are desperate to sell their land will have to mark it down as much as currently -- i.e. 1 full linden under the low end of the market. So there should still be plenty of profit for us. I, for one, am not complaining about this, rather, I'm embracing it as an opportunity to make money in a different type of market

I wonder if there's maybe an advantage in a sort of "first sim" like first land - making some sims available at lower prices but only for people who don't already own one.

You don't own (mainland) sims, you only own the land in them - unlike islands. How do you define who owns a sim that might have had some of its land sold to somebody else? How about if it's all been sold to other people?

So where are all these new sims then? Anyone seen any sign of this mythical 'substantial new continent to begin to appear off to the east!' as reported in the official LL blog?

Good grief, give them at least 24 hours! It was obvious to me that a new continent was about to be started, the original northern continent had its coastline finished off recently, and the newer land in the southern continent has reached it's western coast now. So they had to be starting a new one somewhere.

I'm just wondering if this announcement is the precursor for an interesting back-story, like they did with the Heterocetera Atoll in the north.

Okay, I probably bought my 8056m parcel of land at absolutely the worst time, just a few weeks before this announcement.

If I'd waited a few weeks, or months, I could have saved myself some US$. On the other hand, I would not have been able to move forward on all the projects that are currently in development on my land. So, just like buying a computer, you have to take the plunge and accept any "loss" in value as the price of doing what you want NOW.

Overall, despite the hit to my pocket book, I think this is great news. It would be better for SL as a whole if land values drop and stabilize at a level that makes owning mainland attractive and affordable to more residents.

I hope so... the 'discovery of the new continent' backstory for the opening of Heterocetera was delightful. Kudos to the Lindens for building the Moth Temple in Isis and the Great Wall. I notice that any such backstory was missing as regards the Southern Continent. Maybe the intrepid Salazar Jack will lead an expedition.

Do you have more details for us who were no there at that time?
thanks

Yes, like going back down to a sensible 7.5L$/Sq m (or less).

Hi guys

I've been pondering sims and islands lately and have some questions as to how they work. Since you all seem very knowledgable I was hoping this would be a good place to post.

How big is sim (in sqm)?
How many of those sqm can you re-sell as smaller plots?
If I sell off my sim in smaller plots, will I still have to pay the sim tier, or will the new owners take over tier payments?

Any insight would be greatly appreciated )

Milla

1) 65536 SQ metres.
2) All of it if that's your scene.
3 a) On the mainland you only pay tier for the land you own during any given mothly billing cycle.
3 b) With Islands the owner is responsible for the tier/maintenance charge irregardless of who rents the land (ie: the sim owner becomes a middle-man for LL).

yeah I just saw auction land was on sell for 1k auction was almost up for over 65000 meters and then it clicked in my newbie brain why people sell lots for over 30 usd or more.
If buy in auctions they need to charge certain amount to just get a profit to do it again.

We shouldn't have to pay for sims... we should just sail out on galleons, plant flags and say, I name this land Bligtardia (or whatever).
It worked for the British Empire after all.













yes i know its cribbed from Eddie Izzard, but WTF

I wasn't here at the time either, but I've read about it on the excellent SLHistory site

It was announced by Magellan Linden, and was gradually "discovered" as new sims were added to it. It's one of the reasons the area has so many interesting Linden features.

Financed by the Bank of Blingland, no doubt.

Some clarifications:

1) 65536 sqm, unless it has some of it reserved for a Linden road or (in waterfront sims) protected water.

2) All of it, except for any reserved by the Lindens (see 1) )

3) You will pay tier on the entire sim for the month in which you own it - if you have sold half of it by the end of your monthly billing cycle, then the second month you'll be billed for the remaining half.

In the same month, the new owners will also pay tier for what they have bought from you - so the Lindens actually get two lots of tier in any month when land changes hands (or more than 2, if it changes hands more than once)

Some try to stay cool i suppose

if put the prices for whole sims (since 3 of the ones in auction are not 65536) we have
3000
2929
3241
2894

and still half an hour to go!.

I think that LL will have to put a whole continent every day on auction to see the prices going down

Timmmmberrrrrr! Get ready for some low prices, guys!

On a side note, I still got a little less than half of my new island, Kush, for sale. 8.5L per sq m! All waterfront! Flexible tier (USD or L$)!

Can you say diversification?