For those who are deciding whether to sell land they are holding, are thinking of jumping in to start buying, or just like to watch the land market, keep an eye on what the full sims sell for at auction over the next day or two.

LL dumped 20 sims yesterday which is over a 100% increase of the rate they were listing them since Black Thursday when they dropped 40 at once. It will be very interesting to see if the ones already in play go for 3k plus like they have been. To recoup their investment and make a little profit, an auction winner would have to sell at 13.5-14 per meter for their sim purchased at $3195 (please correct my math if I am wrong). So if sims start going for less, prices should drop.

Land brokers may also start lowering their prices in anticipation if the sims keep coming fast and furious. Also the natural demand is bound to go down with all this land available.

Personally, the performance issues on the Grid, a laggy land sale list and LL's spoken intent to drive prices down are the why I'm not brokering land these days at all. I also like that I am paying a lower tier, especially since LL is not delivering a reliable product and their customer service has all but gone away.

But it's fun to watch.

Bookmark and Share