Several of Second Life's most successful entrepreneurs making real money in a virtual world are "real estate" developers.
"Virtual real estate has been the most lucrative industry from the start. The top land baron, Ailin Graef, became the first Second Life millionaire in November. Some Second Lifers are making a mint off consulting fees from the real-world corporations that are entering the virtual world."
However Randolph Harrison believes that "...sadly SecondLife is a giant magnet for the desperate, uninformed, easily victimized. Its promises of wealth readily ensnare those who can least afford to lose their money or lives to such scam in exactly the same way that real estate investor seminars convince divorcees with low FICO scores to buy houses sight unseen with no money down."
FULL STORY: Virtual World Rich List
Florida Considers Legalizing ADUs
Current state law allows — but doesn’t require — cities to permit accessory dwelling units in single-family residential neighborhoods.
HUD Announces Plan to Build Housing on Public Lands
The agency will identify federally owned parcels appropriate for housing development and streamline the regulatory process to lease or transfer land to housing authorities and nonprofit developers.
Manufactured Crisis: Losing the Nation’s Largest Source of Unsubsidized Affordable Housing
Manufactured housing communities have long been an affordable housing option for millions of people living in the U.S., but that affordability is disappearing rapidly. How did we get here?
Study: Larger Vehicles Lead to More Congestion
New research links large SUVs to lower traffic throughput.
Connecticut Assembly to Reconsider TOD Bill
The ‘Work, Live, Ride’ bill would prioritize funding for designated transit-oriented zones to encourage denser development near transit.
New Jersey Affordable Housing Law Turns 50
The Mount Laurel Doctrine tasks each city and town with creating enough affordable housing to meet their needs, but half a century after its passage, the law still faces opposition in some parts of the state.
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