In the real world (the real world! But that's so, yesterday!) real estate prices may be soggy. But in the virtual world, Second Life is raising the price of private islands.

Furthermore, in an art-imitates-life development, accusations are flying that some developers were tipped off early so that they could buy at the old prices and turn a quick profit.

If Second Life really wants to imitate real life, though, it should start allowing people to bribe municipal officials to confiscate other people's land for endangered species, open space, wetlands preservation, or good old community development. Let's get real, here.

posted by James DeLong @ 8:24 AM | Markets: Business, Investment & Innovation

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