Wildefire Walcott

The two mainland sims whose auctions end today are both currently up to over $4K USD. At $4602 for Permutate, you could almost buy two islands and have over 3 months total tier (your first month on an island is free).

I used to do calculations on what it would take for people to make a profit by flipping sims, but I give up. I really don't understand how this makes sense...

__________________

prinţesă nină

i think at some point it ceases to be about making money.
obviously someone has so much spare money that they will pay anything for the sim, just to win.

Kristian

I want whatever they're on.

__________________
Ming's Things
http://slurl.com/secondlife/Stargazer/232/232/1501

Khamon

That is sometimes the case in the wora'uld. People spend real money to play cool ass club owner or successful business proprietor or even big shot real estate mogul. It's a game to them; and there's no way for the population to know that they're actually spending money rather than making a profit.

"let the children play"

__________________
But of bliss and glad life there is little to be said, before it ends; as works fair and wonderful, while still they endure for eyes to see, are their own record, and only when they are in peril or broken for ever do they pass into song. - Quenta Silmarillion

Please Visit Our Gardens and Our Website

Jessyanne

That's a ridiculous amount of money.

Just earlier, i was poo pooing 18k for 512

__________________

Wildefire Walcott

Okay, I couldn't help it. If you assume that a sim sells to a bidder for $4616 USD (the current high bid) and take tier and the Lindex cash-out tax into account- and depending on how efficiently the buyer cycles through land- he or she will have to resell the land for between L$19-20 per square meter within 30 days of purchase just to break even. That's nearly double the price of the average selling price for mainland these days (to say nothing of the base price).

EDIT: L$20 per square meter equates to L$10240 for a 512m, 117-prim lot, about $39 USD.

Liona Clio

As long as there are geeks who want the get-uber-quick routes and have large disposable incomes, there will be overpriced land auctions and Level-80 WoW character sales.

__________________


"Well, my days of not taking you seriously have certainly come to a middle."

Especially at night, I worry over situations I know will be alright. Perhaps it's just imagination. Day after day it reappears. Night after night, my heartbeat shows the fear. Ghosts appear and fade away... -Colin Hay

prinţesă nină

what if you factor out tier though?
they most likely will not pay full tier (if any) on the sim.

Wildefire Walcott

That's what I meant by "and depending on how efficiently the buyer cycles through land." It's L$19/sqm if you have zero tier to worry about, which is still too damn high.

prinţesă nină

i cannot rationalise it, no matter how hard i try.
are they granite sims? or nice waterfront?

Wildefire Walcott

They're both green isthmus sims, mostly water, beaches on the north and south. The terraforming's actually kinda nice.

P.S. I hate that the new auction bidding system is anonymous. I like seeing who's fighting whom.

FlipperPA Peregrine

I guess it depends on the land. Land in the colored sims regularly goes for L$20 - L$40 - just look at any available plots there.

The city sims still get the biggest premium around, however.

__________________
Peregrine Salon: Flip & Jenn's thang.

Salazar Jack

Speaking of Nova Albion...

I just posted about this in General as I was wondering what the most paid per sq. m. ever was and was so shocked I didn't think to post here where it really should go. This sale worked out to L$209.71 per sq. m.

Wildefire Walcott

Permutate sold for $5501 USD (L$22.33 per square meter).
Exomorogun sold for $4654 USD (L$18.89 per square meter).

prinţesă nină

that is completely different.
if i buy land on a colour sim i am buying into an established neighbourhood with the reasonable expectation that something ghastly isnt going to appear on the sim the next day. these auctioned sims are new land however, and ppl like umnik, robo, and alex potato are standing by to adcut them hey. no doubt they will look like dogshit soon after the parcels get listed.

Wildefire Walcott

Goddam, Flip is so old he remembers when the grid was segregated!

(Also, we don't talk like that anymore, tsk tsk...)

Briar Bing

When I came back to SL a few months ago, I had intended to buy myself some land and be a hermit builder.

I got so dismayed looking at parcels that I didn't even bother to fill out my profile, and just logged out.

I figured I would come back in a few months, and see if I could find something somewhat reasonably priced, but with this thread, it appears that prices will just be going up, so I am a forum rat until greener pastures arrive.

Aki Shichiroji

on a somewhat related note, in the middle of the evening yesterday, my vendors and rent were returned from a long time mainland sim sized mall in Pando.

Popping by to see what had happened later in the night, I'd found that Ninjaland had priced the sim to L$6.6M - approximately $25000USD for a snowy mainland sim.

Is this commonplace? I don't understand how they feel they can get that much for any sim, let alone a snow sim.

__________________

Also See: Portfolio | Blog | Flickr | Illustration

Sarah Nerd

Plus those color sims are +/- 40 meters terraformable unlike the normal 4 meters, not to mention classic highly desired land. The ending prices today were ridiculous. I hope they were for personal use, but if land dealers bought them, they have no business sense whatsoever. I cant even see how a regular resident would spend this much for basic waterfront land when I'm sure they could have done much better in world or bought 2 full estate sims and had some to spare.

__________________

www.SarahNerd.com
http://www.your2ndplace.com/sarahnerd

prinţesă nină

or maybe the lindens accidentally had two dummy bidders on the auctions

Wildefire Walcott

At this point, I'm pretty sure this is the answer:

Ray Figtree

The sims had protected Linden ocean on three sides leading to more open ocean...about as nice a mainland situation as you can find. Still it does not justify the stupidly high price paid for those sims. If they are for resale, very few people will be paying the price, especially since you can access the open protected waters from a variety of locations for free.

__________________
http://www.youtube.com/watch?v=FMj5yPDp32Q

Khamon

I miss the old land price thread on SC. That was bookmarked and checked daily even after I stopped reading everything else.

Wildefire Walcott

Both sims have been claimed by the winners. (Whereas land flippers often don't claim right away- I presume so they can sell off land in the mean time to keep tier down.)

I actually talked to the owner of Permutate. He was very nice, and it sounds like he simply bought it for personal use. The winner of Exomorogun has no Picks or Classifieds, but based on the new land description, it sounds like he might be doing a culturally-themed build. Whether he's going to use it for rentals or not is unclear.

So, yeah, two fantastically-expensive sims, but both admittedly very pretty (you should visit them if you haven't already), and at this point it seems like both are in responsible hands.