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November 03, 2006

Online Real Estate Prices Going Up Faster Than Offline

posted by MR WAVETHEORY at 11/03/2006 03:07:00 AM

Maybe it's time to sell the house and buy online real estate - on Second Life. They're going to introduce a price hike (soon) on virtual land. The hike? A hefy 50% increase in monthly fees!

Where do you get those types of returns offline? If you know, please let me know.

It seems that customer outcry can make a difference, contrary to conventional wisdom that companies operate by their own set of rules, users be damned.

This is true at least in the case of the virtual world "Second Life," as its publisher, Linden Lab, announced Wednesday that it was delaying price increases for its private islands until Nov. 15.

The company had announced in a blog entry that it was imposing hefty rate hikes as of Wednesday--from $1,250 to $1,675 in upfront costs and from $195 to $295 in monthly maintenance fees.

But many community members were upset because they felt that they did not have enough time to react to the pricing change. Also, some were unhappy that Linden Lab had given advance notice of the change to a select group of developers.

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Anonymous Anonymous said...

Hi, Great Site! Very informative.

Keep up the good work.

Warm Regards,
Classifiedicon.com - Home of Free Real Estate
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11:24 AM  

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