Comments on: Quarterly Land Supply and Island Pricing Update

By: Jack Linden

Jack Linden — Tue, 08 Apr 2008 13:53:14 +0000

Thanks to all of those that have commented. As I said in the post, of course this will raise questions and we will answer those in a further post, probably today. We just felt it important that with the new Land Store on the way soon, we should give as much advanced notice as we could.

In addition we will add an FAQ to the Knowledge Base shortly.

A few points in response to the comments on this post..

As Gwyneth in post 136 rightly points out, technology and service costs vary over time and we as a business have to respond to that in sensible ways. In addition, we have to continually assess our business model and make changes where we need to. By and large we have worked hard to keep prices static for long periods, and when we have had cause to increase prices in the past, we allowed grandfathered monthly fees to continue because we value the time and energy those people had put in. Nearly 18 months on and that grandfathered pricing is still in place for many island owners.

This was the right time to reduce the setup price of an island. As any business would, we will review the effects of these changes over the next period and make adjustments or leave them unchanged according to how it goes. If we are able to make savings, then we feel that passing those on to our customers is a good thing.

For those that have purchased an island recently, we will of course be providing some options and I will explain how that will work in my next blog post.

By: Jazzine Jewell

Jazzine Jewell — Tue, 08 Apr 2008 02:52:41 +0000

Everyone is missing the biggest problem. And its not a new lower price for land. LL is planningto dump yet another new continent on the already glutted economy?? ARE YOU FREAKING SERIOUS LL??? Some have commented about too many malls and clubs, and that is exactly right. Lowering the price of land is not great for our land value, but we can survive that. What we cant survive is another continent!! Forget laying out more land for ppl to chop and ad and mall and club. Concentrate on cleaning and managing whats already there!! GGGGGGRRRRRRRRRRRRRR

By: Ciaran Laval

Ciaran Laval — Tue, 08 Apr 2008 02:49:26 +0000

They won’t respond but it says a lot about how they view people who buy virtual land.

By: Spontaneous Radio

Spontaneous Radio — Tue, 08 Apr 2008 02:47:55 +0000

I can’t wait till I can buy into LL’s IPO so I can have a voice and the shareholder meetings.

By: Tabitha Oxide

Tabitha Oxide — Tue, 08 Apr 2008 02:45:59 +0000

its funny to think 2 years ago our biggest complaint was the hundreds of “IMPEACH BUSH” signs littered all over SL.. Ahh the good old days when the grid worked. No sweat off my tushy here.. Im around simply to say I was there when the lab ran off with everyones $$ and the servers went silent….. indefinately. Now THIS is entertainment!

By: Vivienne

Vivienne — Tue, 08 Apr 2008 02:45:33 +0000

“Why don’t the ones who are upset at the LOWER(?!?) cost look at things this way.. You’ll now be able to buy three sims for less than you would have to pay for two.”

What for? For 5 fps on windlight and ongoing failure of service and a voice?

And honestly, to cut prices is okay, and maybe the right decision in many cases. But THAT extremely? See, they sell this as a “metaverse”, not as a playground for hardcore gamers, And if they do so, one can expect some reasonable handling of pricing the virtual land they sell, maybe some kind of steady economical growth, stability and continuity. But bouncing up and down like THIS will not work in any kind of “verse” with an economical background. One of the major columns in business is trust ad confidence. As it seems some people at LL do not eally care about this anymore. Neither in land affairs nor in software development. Alot of trust has been shattered within the past year, and this here will shatter it even further. This does not not look like business, but hard core gaming at its worst.

By: Gabe Palmer

Gabe Palmer — Tue, 08 Apr 2008 02:45:09 +0000

Lindens, I sure hope you are going to come up with a way to make residents who just plunked down the full $1675 for islands whole. I just paid US $3350 for 2 islands, which are now worth…. $2,000.???? How am I supposed to compete with new islands that come online at the new price? I already charge cost for the land and just barely above for tier, and you are wiping me and everyone else out in one fell swoop. Great way to reward those of us who have kept the cash flowing to LL. I seriously am thinking of walking. $3350 may stink to walk away from but it is better than continuing to lose $ over the long term.

By: Renee Faulds

Renee Faulds — Tue, 08 Apr 2008 02:42:40 +0000

all I can say is Phil you have been lying to us all along….

and you have NO poseballs !!!!!! Dude

By: Atashi Toshihiko

Atashi Toshihiko — Tue, 08 Apr 2008 02:41:45 +0000

Unbelievable. When will you let us in on the longrange plans? What are you going to do in Q3 that you aren’t telling us about now?

By: captainblackbeard jessop

captainblackbeard jessop — Tue, 08 Apr 2008 02:40:21 +0000

I’M IN SHOCK,
With everything going up, sl land going down in value, a lot of owners sell land cheaper to make the money on the tier in the long run, so the sale value of land does not always reflect the money people are making.by dropping the price of a sim you are making the bottom fall out of sl private real estate. a 40% reduction of price will not give good credit to everything. i am expecting a 40% in private island sale price per meter