lindens

Well as some of You know last night I wasn't very happy to hear that Linden Labs would be increasing the tier on open spaces sims a disgusting 67%.  I was upset, I was angry.  I realized that this was most likely the final nail in the coffin of my slowly dying estate side of the land business.  You see my rentals on estates have been slowing lately.  I assumed it was due to the lack of new users in SL, and the fact that our RL economy has been bad so people don't have as much play money to throw into a virtual world.  I just can't see renters willing to pay an extra 67% from what they pay now and I don't blame them.  That's not a small understandable increase, that's a massive jump up that most people who budget can't adjust to. 

When they started offering single open space sims everyone wanted one.  No one wanted to rent a 1/4 sim of a full estate when they could have a lot more room and privacy on a single open space.  As a result my full estates started to slowly become bare.  I ended having a few of my full estates converted into open space sims.  I didn't want to, especially since open space sims have basically no resale value but I didn't really have a choice because I could not afford to continue keeping sims that ran under the monthly tier fee.  As a few months went by even some of those sims slowed down as the market became flooded with them.  I sold off a few more estates that I just couldn't afford.  So after doing all of that attempting to adjust, LL comes out with this announcement last night only months after the delivered the last big blow to us.
{ Read more }