EU vs RL property (and items) investment

[timmmers]

I was just chatting with a couple of guys IRL who own property as investments....whining here is nothing compared to theirs right now due to the credit crunch which is driving their property prices lower and lower and raising their expenses. I got to thinking that here in EU is so different at the moment...we have no property slumps, unlikely to have any either in the near future either ...in fact, it's a pretty nifty place to invest compared to RL isn't it?
If you simply want to keep or grow your initial stake at least...and possibly when china gets aboard and other improvements arrive it could really work out nice long term for those willing and able to go for it.

Anyone else think this way I wonder? Anyone considering building a small portfolio, or wondering why MA haven't released the property in areas like Palms and New Switzerland so that they can take advantage of this bad RL situation ?

t

[Harvest]

Not enough players. Too much of an investment to run LA at current prices if your only going to get one or two ppl that wonder out to your LA, plus the generel competion of the already exsiting ones.

Something happened to all those appartment deeds that were on auction. I was under the belife that MA pulled those because appartments were trading under MA's asking price.

As for investment, I would like to see a better platform. Then maybe. They need to smooth out how many ppl can be on at one time and player retainablity issues.

[timmmers]

Originally Posted by Harvest

Not enough players. Too much of an investment to run LA at current prices if your only going to get one or two ppl that wonder out to your LA, plus the generel competion of the already exsiting ones.

Something happened to all those appartment deeds that were on auction. I was under the belife that MA pulled those because appartments were trading under MA's asking price.

As for investment, I would like to see a better platform. Then maybe. They need to smooth out how many ppl can be on at one time and player retainablity issues.

Agree with that. Since MA love the publicity that ND gave them buying CND, and how it worked out well...I'm thinking that maybe that's an angle they could focus on more...maybe not so much the big stuff like banks and LAs but apartments and even rare items which have so far proved to be a decent investment over time?

The system and player numbers could be a problem as you say, but it doesn't take many people willing to invest a few grand to make it worth a shot, and IF the property (like Palms Corner) turned out to be a draw and another string to the EU bow maybe they would think of adding more outposts and areas to capitalise on this type of thing?

Online investments and ways to make money generally are frought with danger of cons and Ponzis....MA is a REAL company and secure at least, that would definitely draw some people into EU I think. We may whinge about bugs and faults, but no-one at MA is ever going to steal your money deposited here and it's not a complex thing to pick up if you only wish to do a little investing unlike some other areas of online moneymaking.

A rental system for items or property wouldn't hurt either, where we could buy an item, then set a daily or weekly fee for it and be SURE of it returning and being logged in the EU system (similarly to auction) and not rely on trust and a trade window anymore....that would mean people could buy a CND apt and rent it out to miners for a week to store finds until they decided to go back to Calypso...a kind of private storage on a weekly basis.

If you could rent items, that would allow more people access to using uber items and make a better reason for actually buying and owning them wouldn't it? IRL you need to be pretty wealthy to get opportunities to invest and make something worthwhile, here in EU we can be PED wealthy for a comparatively small amount in comparison which could be a good selling point along with the history and security of what has already gone down here.

Which would you be happier owning now? A house RL that you can't sell and of which the price is dropping while the mortgage is crippling you (and possible re-possession)...or a virtual house all paid for and earning regular income while slowly increasing in value?
No surveys, estate agents or stamp duty etc in EU, nor floods, insurance, maintenance etc come to think of it...that's a bonus too

t

[soothsayer]

Originally Posted by Harvest

Something happened to all those apartment deeds that were on auction. I was under the belife that MA pulled those because apartments were trading under MA's asking price.

Some bought them all up.. not MA.. I was speaking too a seller of property a while ago.. and he told me he was online auction and noticed that the pages of apartments was shrinking very fast SO he bought as many as he could afford at the time with i think was about 8 or 9 apartments..

so it looks some has made a good profit from the apartments already.

[Dahlifyr]

Originally Posted by timmmers

Which would you be happier owning now? A house RL that you can't sell and of which the price is dropping while the mortgage is crippling you (and possible re-possession)...or a virtual house all paid for and earning regular income while slowly increasing in value?
No surveys, estate agents or stamp duty etc in EU, nor floods, insurance, maintenance etc come to think of it...that's a bonus too

t

´
I take my RL house 10/10 times Even if the house would go down in value, its still a real objeckt that I live my life in. Even if the house in EU would go up in valu, so what, i would just sit there infront of an stupid computermonitor and stair on it.

lol to compare RL with a VR life....

[Naomi]

Kill GREED and play for fun, if one wants to make some cash, go get a fucking job.

true, porn industry pays well

[Level]

Problem with Entropia is not enough players as Harvest stated.

But I think, in RCE...expensive RCE which takes place in EU...only smart part of us play FULLY FOR FUN...why ?

Naomi...you are one of those...wealthy ? people
more than 99% people in RL do not have FREE CASH TO DEPOSIT AND HAVING FUN...because they are scared or like my parents, where credits overkill good sallary and so we live like poor family...its a miracle that I have a PC...
Many others do not have time to play game...others do not like it, more than 60% population do not know how to shut off a computer...

Countries like Korea where almost everyone is playing games...and everyone is doing it to have fun and FUN in Korea=Competition They are watching StarCraft matches on TV You can Study there MMORPGs Another world and I would like to live there.

[DIMSOT]

I Believe that those days the best investment is to buy RL land

at least in Greece

if u r lucky u ll get 2 or 3 times your money in 5-10 years
in worst u ll get a nc profit


The land that im now byilting my new house get 10 x value in the last 18 years

[Nyxy]

Originally Posted by timmmers

...in fact, it's a pretty nifty place to invest compared to RL isn't it?

Unfortunately, no, it is not for people who are bound to EUR. PED is bound to USD (with a fixed rate), therefore anything priced in PED is bound to USD. Investing EUR into USD (PED) denominated assets means exchanging EUR for USD with a significant risk of adverse exchange rate fluctuations. So, if you're living in USA (paying your bills in USD) you're much safer, you only worry about the in-game market risks. But people linked to EUR, SEK, etc also need to worry about currency exchange risks (yes, MA too).

[Mega]

Originally Posted by timmmers

Which would you be happier owning now? A house RL that you can't sell and of which the price is dropping while the mortgage is crippling you (and possible re-possession)...or a virtual house all paid for and earning regular income while slowly increasing in value?
No surveys, estate agents or stamp duty etc in EU, nor floods, insurance, maintenance etc come to think of it...that's a bonus too

t

I'd prefer a RL house that keeps the rain and snow off!

A virtual house is after all just a pretty storage box....