(un)Real Estate

by on December 16, 2004 at 7:15 am in Economics | Permalink

An island has just been sold, it consists of 6000 acres, a castle, a mine and the right to subdivide and sell ocean-view lots.  The price, a mere $26,500.   Cheap?  Maybe if it existed in the real world but this island is the most expensive piece of unreal estate yet to be sold – it exists only as part of the computer game Project Entropia.

I must admit to still being surprised by stories like this but I cannot imagine that I will think so in another few years, even less that my sons should not think this all perfectly normal.  My prediction: within two years expect to see a bitter divorce battle fought over who gets the house – the virtual house.  And within four years expect a bitter divorce battle fought over who gets the kids.

Thanks to David at Cronaca for the link.

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