So how does the real-estate industry work in SL? As I said earlier, you start with 512 square meters (16 by 32 meters). You could buy more 
from Linden Labs (in real world currency) for an additional fee that they call Tier. This could range from $5 a month up to $295 a month for an entire island which would be 65,536 square meters. You could also pay a one time flat tier of $1,675 instead of a monthly thing. Also, just like the real world, you could book your favourite plot of land for $30 if you don’t have the money and pay later. But interestingly, it does not end there. Just like our housing societies, you need to pay a monthly maintenance charge to Linden Labs. This is calculated on the amount you own. The more land you own, the more you pay. So, based on the current tier system, your starter 512 square meters would cost an additional $5 per month, 65,536 square meters of mainland will cost $195 and an island would cost $295 per month. You could also buy land from another resident or purchase it at a Land Auction. Pretty much like an eBay auction, land auctions are extremely popular in SL. What starts with $40 ends up selling at $2000 at the end of a week. In-world sources say that over 15 million square meters of land has been sold in Q1 2007. If I may draw a real world analogy, we are talking about a property boom very similar to what’s happening in India right now.
And just like the real world, this property phenomenon has created a new breed of virtual real estate moguls in SL. The biggest example is Anshe Chung (Chinese-born language teacher Ailin Graef living near Frankfurt, Germany in the real world) who is the first online individual to become a millionaire from profits earned entirely in a virtual world. Dubbed as the virtual Rockefeller and featured on the cover of Businessweek, She owns 36 square kilometers of land and a few million Linden Dollars in cash not to mention shopping malls, store chains, virtual brands in SL. Liz Bartlett’s Livingston Properties (www.khyri.com/livingstonproperties) sells prefabricated housing in SL for as low as 900 Linden dollars along with agent and building services. And the most interesting one: popular american real estate brokerage firm Coldwell Banker (www.coldwellbanker.com) has set up shop in SL selling and renting its own tracts of land in areas like Ranchero, Crowfoot, Elboya, Gorbash and Scurfield.
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Source : IIPM Editorial, 2008
from Linden Labs (in real world currency) for an additional fee that they call Tier. This could range from $5 a month up to $295 a month for an entire island which would be 65,536 square meters. You could also pay a one time flat tier of $1,675 instead of a monthly thing. Also, just like the real world, you could book your favourite plot of land for $30 if you don’t have the money and pay later. But interestingly, it does not end there. Just like our housing societies, you need to pay a monthly maintenance charge to Linden Labs. This is calculated on the amount you own. The more land you own, the more you pay. So, based on the current tier system, your starter 512 square meters would cost an additional $5 per month, 65,536 square meters of mainland will cost $195 and an island would cost $295 per month. You could also buy land from another resident or purchase it at a Land Auction. Pretty much like an eBay auction, land auctions are extremely popular in SL. What starts with $40 ends up selling at $2000 at the end of a week. In-world sources say that over 15 million square meters of land has been sold in Q1 2007. If I may draw a real world analogy, we are talking about a property boom very similar to what’s happening in India right now.And just like the real world, this property phenomenon has created a new breed of virtual real estate moguls in SL. The biggest example is Anshe Chung (Chinese-born language teacher Ailin Graef living near Frankfurt, Germany in the real world) who is the first online individual to become a millionaire from profits earned entirely in a virtual world. Dubbed as the virtual Rockefeller and featured on the cover of Businessweek, She owns 36 square kilometers of land and a few million Linden Dollars in cash not to mention shopping malls, store chains, virtual brands in SL. Liz Bartlett’s Livingston Properties (www.khyri.com/livingstonproperties) sells prefabricated housing in SL for as low as 900 Linden dollars along with agent and building services. And the most interesting one: popular american real estate brokerage firm Coldwell Banker (www.coldwellbanker.com) has set up shop in SL selling and renting its own tracts of land in areas like Ranchero, Crowfoot, Elboya, Gorbash and Scurfield.
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Source : IIPM Editorial, 2008
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The first place I saw after that is called the Welcome area. It is the starting point for all newbie residents in the SL world. Originally, the Welcome area was in Natoma in 2002 which moved to an area called Ritch in 2003. Currently, SL has three welcome areas: the Ahern/Morris region, another in Lime/Plum and a newer one in the Waterhead region. Arriving at the Welcome area can be a bit disconcerting. You will see humans no doubt but also aliens, devils, vampires, furries, animals, insects, robots. You may even see a dragon. Usually there is a Linden or two patrolling the welcome area, available for advice. I learnt the hard way not to accept advice from strangers. Some folks will come and try to sell you strange items. Sell? How am I supposed to buy stuff in a virtual land? Well, this is where I learned that SL has its own currency called Linden dollars (L$). Premium accounts receive a weekly stipend (paid in Linden dollars). That’s one of the special features. And since the real world payment can be tendered in L$, there is an actual currency exchange rate of around L$ 270 to one US dollar. In-world currency exchanges and ATMs allow residents to change real world currencies to L$. It took me some time to come to terms with this fact – a virtual currency that has real value!
investing in any mutual fund the most important factor to look for is the investment objective of that particular fund and how well does it tally with an individual investor’s financial g oal. Once the same is established and the fund category is selected the investor should focus on the following key elements:
was as true for oil prices, which, besides defying gravity, have upset the budgetary calculations of millions of households across the world; not to mention bringing entire governments to their knees. When oil prices breached the $110 mark, analysts were of the opinion that prices would stabilise themselves as consumers would abstain from consumption as soon as they feel the pinch. Those analysts have been caught on the wrong barrel... er... foot, since oil prices are now touching $130, and a super spike to 200 is now considered possibile.