Castle and Island Sells For $26,500 in Entropia
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But can a person earn 6 percent commission on the deal?
Not likely as this castle and island, with full mining, taxation, and resales rights only is available online. It is located in the virtual world of Entropia, a massively multiplayer online role playing game (MMORPGs) that has taken off with over 750,000 players around the world.
Reading about this transaction has made me think. Are people spending more for virtual property in real dollars than real property in Detriot and Buffalo? Will homes in these downtrodden cities start selling for virtual dollars in real life? Would there be an economic boost to put these properties for sale in obviously a vibrant market like Entropia?
The lines are definately blurring…
The virtual island includes a gigantic abandoned castle and beautiful beaches which are described as ripe for developing beachfront property.
Deathifier will make money from his investment as he is able to tax other gamers who come to his virtual land to hunt or mine for gold. He has also begun to sell plots to people who wish to build virtual homes.
“This type of investment will definitely become a trend in online gaming,” said Deathifier.
The Entopia economy lets gamers exchange real currency into PED (Project Entropia Dollars) and back again into real money. via BBC NEWS
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
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By Mike ...
I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
BY USING FIRST CLAIM INSURANCE ADJUSTERS YOU WILL HAVE THE ABILITY TO LOOK AT YOUR INSURANCE SETTLEMENT AND REALIZE FIRST ...
Comment by Mark Harrison on 1 August 2008:
> Are people spending more for virtual property in real
> dollars than real property in Detriot and Buffalo?
As I understand things, not any more.
Back in 2004, when this transaction happened, the MMORPG market was, to put it mildly, also in a bubble.
Comment by Gustavion on 1 August 2008:
“Back in 2004, when this transaction happened, the MMORPG market was, to put it mildly, also in a bubble.”
Haha, that’s great. I had no idea you could even buy and sell virtual property.
Back in 2004, when this transaction happened, the MMORPG market was, to put it mildly, also in a bubble.