Quote from: generalizethis on July 15, 2017, 12:35:53 PM

Quote from: boomboom on July 15, 2017, 09:43:05 AM

Quote from: Karl Hungus on July 15, 2017, 03:50:53 AM

I've put some ask prices up for most of OZ's premium buildings. They're not exactly bargain based prices, but based on their earning potential if/when building payouts resume, they're all still good value. The land and building material costs was substantial (premium real estate 'mining' rigs weren't cheap), and the resale value will only improve from here as the Game recovers. Feel free to make some counter bids!

I've decided after 48 hours or so I'll combine any unsold land & buildings into a real estate trust and sell units (probably 1000), that way smaller players can still own a share in some premium income generating real estate, and I can maximise the funds generated for Gringotts. Maybe we sell 50% of units asap in an auction, then the trust holders can decide the details on how to sell the remaining units.

The more people who have an incentive to see the Game recover and do well, the better!

@KH , it'll be almost impossible to sell all your real estate with so much M locked up in accounts controlled by Risto, there's just not that much liquid M in circulation at the moment for regular players to afford to buy. IMO setting up a property holding company for your real estate assets is a really good idea, but sell it off slowly, otherwise you'll be selling for peanuts and will crash the property market into the ground. At least wait until the ~40%-50% of M that's controlled by Risto is back in circulation before you try and sell.

Also, if you are new player, tough to acquire enough M to buy buildings without Gringotts.

Thank you for the feedback!

Gringotts will need as much M as possible to provide reliable liquidity in many markets if need be, and we must avoid any risk of running short, so I do want to maximise the liquidation sale proceeds, plus I want Gringotts to own enough M on hand at all times after we reach a basic equilibrium to have an influence on future voting decisions, BUT, I would also like to help spread property ownership more widely too.

The best way to achieve these goals is via a property trust.

Announcement::Phoenix Property Trust

All unsold real estate assets will be combined into Phoenix Property Trust

Phoenix will have 10K units.

2k will be sold in a dutch auction asap

1k will be used for Gringotts depositor incentives

5k will be held by Gringotts to be sold at a later date

2k given to Unicorn Corp.