Just checking in & Ranting a Little About Land.
Sorry my blogging has been slow lately. Just been handling more RL, and a forum addiction on SLUniverse, so figured I'd just check in. So crazy land week have been having eh? All in one simple official SL blog entry, all of our estates were devalued 40%. I took it as a bit of a slap in the face for every sim I've purchased in the last year. And ya know honestly I think lower prices will be better in the long run, I just disagree with the way it was handled. I think the estate decrease should have been gradual so that people and the economy could have adjusted at a reasonable rate. A decrease like that makes everyone holding sims feel like they were cheated and kills customer trust. When estates were 1675 average resale value was 1K-$1100 because of transfer, and sometimes move and renaming fees. The resale value now is going to be incredibly low compared to the original $1675 paid. I'm guessing 5-$650 range. Had it been a more gradual decrease people could have adjust better and not felt as cheated. Now if only they would lower tier.... I won't hold my breath.
In addition to estates being devalued we watched a total mainland crash. LL announced sim production is going to be increased to 10 sims a day. That set everyone in a panic and people started to dump land and the price of mainland sunk drastically in a matter of hours and sunk more the next few days. Thats good if you are looking to buy mainland soon, bad if you hold any land or currently own a mainland parcel because you will not get anywhere near your purchase price back if you decide you no longer need it. And I really think lower mainland parcels will be better for SL as a whole in the end, just sucks a bit right now and again, I wish the change had been a little more gradual. The very first mainland crash well over a year ago, I remember crying. I was newer, and I think I had 3 or 4 sims worth of mainland at that time. Land was at around 15L a meter and dropped to the 6's. I lost a good handful of money but I was more upset because up until that point SL was always fun and fairly stress free. It was a lot more predictable then. When they flooded the market with 30 sims all at once and caused that crash, It crushed my views on SL a bit. I still loved Second Life, I guess I just started looking at it a bit differently at that point. Now 3 or 4 mainland crashes later, It's just part of the game. Now just in addition to the regular land dealings game, you get to play, lets predict when the market will crash, and I hope I'm not holding to much when it crashes. Generally its a month when I decide that it's a good idea to tier up a little. lol! I guess what I'm trying to say is I kinda expected the mainland crash and I'm used to them. Sucks to lose a little right when it happens, but I know after a short period of adjustment I'll be back at it because I love dealing mainland more than anything else I do in SL. The estates though, I didn't see that coming and yea I feel a bit cheated by Linden Labs at the moment. Will I adapt to the changes...yea for sure I always have. Will I buy more estates in the future...yea probably. As pissed as I am I'd still like more open space sims so when my rentals pick up a bit I'll ad on. There a bit slow this month. I had a few people get fed up and just quit the game because of performance latley.
Well anyways.... I just wanted to check in and rant a little. I still love Second Life, and I am grateful for all it's done for me and I'll it's allowed me to accomplish, just having a stressful land week, like several others I know. I'll check back in soon! Hugs!
<3 Sarah
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Bad decisions
The estate pricing fiasco is simply a bad decision. Jack's second blog mentioned sensible decisions needing to be made, however this clearly wasn't a sensible decision. However I note the second blog talked of the island setup fee and the first talked of island pricing. Are LL trying to put space between themselves and the idea of an island itself as an asset?
The talk of lower hardware prices simply does not add up, on March 7th new openspace structures were announced, if the hardware prices had dropped so much then an indication of that would surely have been contained in that announcement, however it wasn't.
As for the mainland, that's more consumer led and is always likely to rise and fall over time.
I don't think the issue is with land being too expensive, it's the ongoing tier costs that are too expensive. That's what puts people off, you can buy small parcels for the price of a couple of months tier.
I agree
I think tier is really the killer for most people.
Honestly, I feel a land rant coming on but I'll wait for it to develop some more...
Second Life Consultant
Ayah.
The land crash did suck. But that's because they're trying to do brain surgery with a hammer. :-)
Second Life Consultant
<<<HUGGS>>>
I totally and utterly agree with everything you said. Hang in there - as usual you will come out on top...
dd
Thanks I really appreciate
Thanks I really appreciate that.