Mainland supply on hold until july
Linden Lab decided to put on hold mainland supply until July.
This is their comment (bold is mine):
“The average price per meter is the key metric we observe to decide levels of mainland supply. It takes account of all resident-to-resident sales per day, but excludes a number of data items such as zero value sales (when friends swap land around), Governor Linden sales (including Auctions themselves) and all private estate sales.We also measure sales by groups and those by individuals separately although at the moment the average price for both is similar (group sales being as much as L$1 per meter lower on average).
It will be no secret to those that have bought or sold land recently, that the average price of mainland has been falling. In 2007 we managed the price down slowly from a high figure of L$12 per meter to a more reasonable L$6 to L$8. It then rose a little as we reached March of this year before falling consistently since then. In recent days we have seen it dip below L$6 per meter which we feel is a little low.”
and again:
“At Linden Lab, we respect the investments you make in Second Life land and are sensitive to price fluctuations related to our auctions of new land. To allow the market to absorb the land recently added to the grid, we will be suspending whole region auctions for the next four weeks after which we will review the situation again (on or around the 11th July).”
Well, despite my recent critics, it seems that they are trying to do their best to help land owners.
This is a good signal. Hope they keep this attitude.
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