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A Second Life user's guide to tier
At its heart, tier (as it is called in Second Life) is the capacity to own land. This capacity is paid for in a number of steps (or tiers, hence the name). Each ownership capacity tier is double the area of the previous tier. Tier is a ubiquitous concept in Second Life, but a frequently misunderstood or an incompletely understood one. Understanding land-tier in Second Life is important, whether you are owning, renting, or part of a group that owns land, so read on, and we'll tell you all about it.
Linden Lab acts to reduce fraudulent island sales
Several times in the past, a very few greedy and disreputable Second Life users have acted to defraud would-be island purchasers by selling an island -- only to more than one person. Given that there was a delay in transfer of ownership for an island, it was possible for a dishonest owner to sell the same island to more than one person, but ownership could only really be transferred to one of them. One entrepreneurial user sold his island to six different people before vanishing with the cash. It certainly made things awfully uncertain. Linden Lab's putting an end to that by requiring a new system for the transfer of island ownership, though it means that at least part of the funds transfer must be brokered through them.
Linden Lab land plans
Jack Linden reports on Linden Lab's pricing and supply plans for land over Q1 2008. According to Jack, mainland prices are averaging L$6.3/sqm - though a more useful number would be the median price per square metre. "[A]round L$6.3/m, ... we feel is a good level, low enough for those coming into the land market for the first time and high enough that both mainland and islands can be profitable for those interested in trading or leasing land."
