On April 4th Linden Lab made an offer many estate owners couldn’t refuse : Want Lower Tier? Now You Can Get Grandfathered Land Rates! The offer, which remains on the table until at least October gave estate owners to permanently lower their tier rates for an upfront fee :
Full Island:
- One-time buy-down fee: $600
- Grandfathered maintenance fee: $195/month (regularly $295/month)
Homestead:
- One-time buy-down fee: $180
- Grandfathered maintenance fee: $95/month (regularly $125/month)
So how is this going? Well Tyche “Statto” Shepherd has been on the ball and reveals some of the progress in an awesome Private Estate Survey April 2016. The survey revealed that since the March 2016 survey there had been a net loss of 35 regions (down 0.2%). However when it comes to the new buy down rate, Tyche reveals :
20.8% of Full Regions of all types are now at Buy Down tier rates while 3.8% of Homesteads are now Buy Down, homestead uptake of this offer has been low because most homesteads are already grandfathered (85% of them) .
Overall to date I estimate there are 1960 buy down full regions taken up since announcement and another 302 Homesteads , the margin of error on these estimates is +/- 145 and 117 regions respectively.
As Tyche points out, there were already a high number of Homestead regions with a grandfathered rate, to be honest I’m surprised that 302 have been converted to the new rate. When it comes to full regions, 1960 is quite an impressive figure.
Continue reading “Linden Lab’s Grandfathered Tier Offer Shows Early Signs Of Promise”