Welcome to the Second Life Forums Archive

These forums are CLOSED. Please visit the new forums HERE

Too Many Middle People?
Xplorer Cannoli
Cache Cleaner
Join date: 18 Sep 2005
Posts: 1,131
08-09-2007 08:33
I saw a sim go up and sell on auction for $1800.00 last night. This 65536 just got put on the market for 499,000L which on a buy rate (at this moment) is $1880.00.

So basically for a short profit, this individual manages to make the sim buyer (not for resale) pay more for their sims. On top of this, by the time they cash out their earnings, they effectively LOSE $59.00 in the turnover.

I wonder if LL is attempting to pop the bubbles of quite a few realtors.
JessyAnne Theas
Cliqueless
Join date: 9 May 2007
Posts: 610
08-09-2007 08:35
I'm just still amazed people shell out $1800 plus for a sim.

Someone mentioned owning 4 the other day and I about fell outta my chair.
_____________________
Warda Kawabata
Amityville Horror
Join date: 4 Nov 2005
Posts: 1,300
08-09-2007 09:31
I don't get why anyone pays more for a mainland sim than they would for a private island.
_____________________
:) I rent out land on private islands. Message me in-world for details. :)
Isablan Neva
Mystic
Join date: 27 Nov 2004
Posts: 2,907
08-09-2007 09:36
LL is rather famous for popping realtor bubbles, which makes sense when you view the economy as a whole. Getting premium members paying tier on smaller portions of land is far more profitable than 1 premium account holding 1 sim worth of tier since tier scales cheaper the more land you own.

1 realtor on premium + 12 months sim tier = $2412 income

32 users on premium (2048 each) + 12 months tier = $8064 income
_____________________

http://slurl.com/secondlife/TheBotanicalGardens/207/30/420/
Ann Launay
Neko-licious™
Join date: 8 Aug 2006
Posts: 7,893
08-09-2007 09:37
From: Warda Kawabata
I don't get why anyone pays more for a mainland sim than they would for a private island.


My guess would be because they hope to divide it up and sell for more than they paid, without the hassle of estate management that you have on islands...once they've sold it, there's no tier to be paid and no responsibilities to or dependence on the new owners.
_____________________
~Now Trout Re-Re-Re-Certified!~
From: someone
I am bumping you to an 8.5 on the Official Trout Measuring Instrument of Sluttiness. You are an enigma - on the one hand a sweet, gentle, intelligent woman who we would like to wrap up in our arms and protect, and on the other, a temptress to whom we would like to do all sorts of unmentionable things.

Congratulations and shame on you! You are a bit of a slut.
Meade Paravane
Hedgehog
Join date: 21 Nov 2006
Posts: 4,845
08-09-2007 09:37
From: Warda Kawabata
I don't get why anyone pays more for a mainland sim than they would for a private island.

Tier?
_____________________
Tired of shouting clubs and lucky chairs? Vote for llParcelSay!!!
- Go here: http://jira.secondlife.com/browse/SVC-1224
- If you see "if you were logged in.." on the left, click it and log in
- Click the "Vote for it" link on the left
Alicia Sautereau
if (!social) hide;
Join date: 20 Feb 2007
Posts: 3,125
08-09-2007 09:37
From: Isablan Neva
LL is rather famous for popping realtor bubbles, which makes sense when you view the economy as a whole. Getting premium members paying tier on smaller portions of land is far more profitable than 1 premium account holding 1 sim worth of tier since tier scales cheaper the more land you own.

1 realtor on premium + 12 months sim tier = $2412 income

32 users on premium (2048 each) + 12 months tier = $8064 income

true but all the land is resold nway so no difference there just diff seller
_____________________
Isablan Neva
Mystic
Join date: 27 Nov 2004
Posts: 2,907
08-09-2007 10:00
From: Alicia Sautereau
true but all the land is resold nway so no difference there just diff seller


The overall point is to get land parcels into the hands of end users - and they tend to wait for lower per M prices. The only way to lower prices is to create a land glut, which also has the effect of dampening realtor profits. When profit margins go down, fewer wanna-be realtors are tempted to get into the game and make foolish auction purchases.
_____________________

http://slurl.com/secondlife/TheBotanicalGardens/207/30/420/
Yumi Murakami
DoIt!AttachTheEarOfACat!
Join date: 27 Sep 2005
Posts: 6,860
08-09-2007 10:35
From: Warda Kawabata
I don't get why anyone pays more for a mainland sim than they would for a private island.


Because of the extra $100 island fee.

LL weren't explicit about it, but I'm fairly sure that this was explicitly introduced to prevent the price of islands constituting a top limit on mainland auction prices.