Auction Prices

[encidious Opus]

Interesting to see the auction results of the 5 parcels in Sistiana. Not one of them was won by any of the ubiquitous land barons. Although the winners are acting the same as those barons; trying to make money flipping them for even more exorbitant prices.

[karynmaria]

Well at the end of the day it is their land to do with what they want.

[MirandaBowers]

I mean it makes sense that other residents would want a chance at making a profit too, even if they aren't as big of a name in the real estate game. It is nice to at least see new faces.

[belindacarson]

Buyers market, they can sell for whatever price they want

 

But with all the abandoned land to choose from, why would people choose to pay such extortionate prices?

[Pussycat Catnap]

Buy a plot for $X

Sell it for $Z

But only after you've also paid $Y in tier...

As for the land barons - a lot of them work by using donated or bought excess tier...

- Buy a 512m plot, but premium actually gives you 1126m after the 10% group bonus... so you've got all this extra tier... somebody else offers to pay you a tiny amount to donate that extra to a group...

- That's what makes it very hard to compete with the Land Barons. They can afford to wait on that plot a lot longer.

 

As for abandoned land - you put in a ticket for it, odds are the response is that it goes up for auction. And abandoned land tends to usually come in one of two formats: a very bad location, or too large of a cut. Lindens have a habit of then joining it together into even larger pieces before putting it up for auction in response to your request. You CAN ask them to cut a small piece and auction that separately... and if you get lucky you might win that auction (I have done this).... But to outright buy abandoned land usually requires having land next it already, or getting lucky with your choice of Linden that responds to the ticket (at least back in the old days when things were a little wild - no idea if this would work these days).