Danascott Ride Complex

Showing posts with label land supply prices parcels economics Linden. Show all posts
Showing posts with label land supply prices parcels economics Linden. Show all posts

Tuesday, August 26, 2008

As Good As Their Word

The Linden Lab people, of course: They responded to complaints about falling land prices by saying they'd restrict the supply, and so they have.

It's interesting to watch auction parcels that were selling for around L$5/m---water ones---now going for twice that. (There are still a number of landlocked parcels-surrounded-by-floating-ads that are receiving no bids at all. That won't change unless that's ALL that's on offer, probably....)

It's interesting to watch. Especially for economics students, one would think: if professors aren't adding Second Life to their syllabi, they are missing a great teaching tool.