Coldwell Banker becomes first Realtor of "Virtual Real Estate"
invite response
2007 Mar 24, 7:43am 26,800 views 194 comments
« First « Previous Comments 187 - 194 of 194 Search these comments
Yesterday C/L for Portland, OR showed 390 new listings! 390!
Pent up "demand"? Selling... demand?
Looking at the house prices in Sacramento, many are down $100K+.
It doesn't look too good.
Sid Finster Says:
Noone wants to explain this even though I keep asking -
since when was the American Dream ™ defined as “owning a house�
owning a 3 br house in the 'burbs - owning a car (now it's 3 cars) - picket fence... it's definitely the dream alright...
never mind that the sprawling 'burbs may not be sustainable...
What's so great about a suburb where you're 5 feet from your neighbor and you spend 20 minutes looking for parking at your local shopping strip?
sfbubblebuyer
2007 Mar 27, 3:03am
Um, what's so great about a city where you are 5 feet from your neighbors and spend 20 minutes looking for parking within half a mile of your house?
Lots of people in London don't even own cars. They are within 200m of the nearest Tube station. And they have medium density worked out as an art form... Although if you have the luxury of new construction, you can always build basement carparks...
SFBB,
Actually, you'd only be a wall away from your neighbor and avoid car usage much of the time. At least biking and walking is an option for much of the city, even if public transportation is untrustworthy.
« First « Previous Comments 187 - 194 of 194 Search these comments
COLDWELL BANKER® ENTRANCE INTO SECOND LIFE® MAKES VIRTUAL HOMEOWNERSHIP EASIER FOR MILLIONS OF RESIDENTS
Company Leads Real Estate Industry Into Virtual Future
(link)
This is in the give me a f*#!ng break category. All the zaniness in the "virtual worlds" space is a subject I've purposefully kept separate from Patrick.net until now. But this crosses the line for me. As if we don't have a big enough headache with the *real* real estate bubble, along with all its hype, mania, collusion, greed, corruption and now economic fallout, now we get to legitimize a whole *pretend* real estate bubble. And in case you think this is some irrelevant, minor fringe element bear in mind this particular virtual world claims over 4,000,000 current residents and is growing at over 30% per month.
For anyone lucky enough to have not been exposed, the short version is:
Ok, so I took this whole issue on, called out what I saw as a type of Ponzi pyramid scheme, and roundly got ripped up by cult Second Life's love hype machine. You can find my articles here (main one that started it all), here, here, and here. There is also a lawsuit (the real kind, not the pretend computer cartoon kind), Bragg v Linden in which my first two articles above have been submitted to the court in a revised complain[t]
statement. The case is a dispute over -- you guessed again -- Virtual Real Estate!If nothing else, I thought this might make a nice weekend distraction for everyone before we get back to the *real* RE bubble next week.
--Randy H
PS. If you really want to ruffle some academic and fanbois feathers, you can go join the discussion on the "Ivory Tower" blog that covers virtual worlds stuff here.
#housing