Buying land

[Black Globe Generator]

This is probably an unusual topic in a game more often devoted to getting off the dirt than owning a piece of it, but I'm trying to figure out a way to come up with reasonable prices for buying land or buildings.

My initial thought is to use the GDP values from Striker, with the value representing the cost per acre for undeveloped rural land and the cost per square foot for urban buildings (such as a flat or a warehouse).

Other ideas?

 

[Black Globe Generator]

This is probably an unusual topic in a game more often devoted to getting off the dirt than owning a piece of it, but I'm trying to figure out a way to come up with reasonable prices for buying land or buildings.

My initial thought is to use the GDP values from Striker, with the value representing the cost per acre for undeveloped rural land and the cost per square foot for urban buildings (such as a flat or a warehouse).

Other ideas?

 

[The Hinterworlds Rambler]

Figure out some scale based on:

Hex Size/World Size (go by Hex, screw acres!)

World Atmo

Location on world

Scale of Development

Tech Level

I'd imagine a hex on a TL G planet, with a good envrironment (IE, as comfortable as EARTH) would be quite a bit of Cr...

 

[The Hinterworlds Rambler]

Figure out some scale based on:

Hex Size/World Size (go by Hex, screw acres!)

World Atmo

Location on world

Scale of Development

Tech Level

I'd imagine a hex on a TL G planet, with a good envrironment (IE, as comfortable as EARTH) would be quite a bit of Cr...

 

[veltyen]

A rule of thumb (which also used to work IRL, but has been out of whack for a while) was 1000x rent/week.

So something renting out at 100 Cr /week would be 100,000 Cr to buy. Works for both residential and industrial properties.

Of course, now you need to set rental prices

The other way is % of income. If you call 20% of gross income an average home rental ammount then you can stitch it back the other way.

ie: Low social standing income of 500 Cr/week, spends 100 Cr/week on rent, the house they are renting sells for 100,000 Cr.

 

[veltyen]

A rule of thumb (which also used to work IRL, but has been out of whack for a while) was 1000x rent/week.

So something renting out at 100 Cr /week would be 100,000 Cr to buy. Works for both residential and industrial properties.

Of course, now you need to set rental prices

The other way is % of income. If you call 20% of gross income an average home rental ammount then you can stitch it back the other way.

ie: Low social standing income of 500 Cr/week, spends 100 Cr/week on rent, the house they are renting sells for 100,000 Cr.

 

[aramis]

Another approach is to look at the ranges on earth for extrapolation.

I can buy 4 acres of "remote" land less than 5 miles from my current location for $10K (there's no road access); the 6 acre trailer park I'm in sold last year for $800K, but is taxed at $1.2M. An 8 acre, no sewer/water/gas available hill-side plot (in Chugiak, AK) is available 8 miles away for $62K (but it does have phone, cable, and electric...). And I have an offer for an acre for $30K in the Butte (Just south of Palmer, some 30 miles away)

Downtown Anchorage, 15 miles away, is running anywhere from $70K to $200K per acre. Converting at $3=Cr1, that means about 540 sq m is running KCr1 for "remote", KCr5-10 for semi-rural, KCr20-70 for urban low density, and upwards of KCr500 for dense urban. (540 m^2 is fairly close to 640 sq yd, which is one acre.)

That help?

 

[aramis]

Another approach is to look at the ranges on earth for extrapolation.

I can buy 4 acres of "remote" land less than 5 miles from my current location for $10K (there's no road access); the 6 acre trailer park I'm in sold last year for $800K, but is taxed at $1.2M. An 8 acre, no sewer/water/gas available hill-side plot (in Chugiak, AK) is available 8 miles away for $62K (but it does have phone, cable, and electric...). And I have an offer for an acre for $30K in the Butte (Just south of Palmer, some 30 miles away)

Downtown Anchorage, 15 miles away, is running anywhere from $70K to $200K per acre. Converting at $3=Cr1, that means about 540 sq m is running KCr1 for "remote", KCr5-10 for semi-rural, KCr20-70 for urban low density, and upwards of KCr500 for dense urban. (540 m^2 is fairly close to 640 sq yd, which is one acre.)

That help?

 

[Ptah]

Originally posted by Aramis:
....
Downtown Anchorage, 15 miles away, is running anywhere from $70K to $200K per acre. Converting at $3=Cr1, that means about 540 sq m is running KCr1 for "remote", KCr5-10 for semi-rural, KCr20-70 for urban low density, and upwards of KCr500 for dense urban. (540 m^2 is fairly close to 640 sq yd, which is one acre.)

If only urban land was so inexspensive.

I'm about 20 miles outside Boston, in 2000 our land was valued at about $300,000 for 0.2 acre. If the land was 100 feet north, we'd be in a much better town and the land worth double. Yes, the housing prices are outrageous around here.

We might be classified as non-central dense urban mid-desirability at KCr500 for 1 acre; the town over as non-central dense urban high-desirability at MCr1 for 1 acre; land in a central dense urban location (i.e., downtown) has got to be much, much higher.


Rent for a downtown office space, which has varied over the years, but once a prime spot was more then $200 a square foot per month can give an indication. Actually isn't it 640 square acres = 1 square mile? I acre is about 4840 square yards.

At $200 square foot that's about MCr8.7 per month to rent an acre of space, the typical office building is about 20 floors high (to be conservative) so the gross revenue on an acre of land covered by 20 story buildings is about MCr174 per month.

 

[Ptah]

Originally posted by Aramis:
....
Downtown Anchorage, 15 miles away, is running anywhere from $70K to $200K per acre. Converting at $3=Cr1, that means about 540 sq m is running KCr1 for "remote", KCr5-10 for semi-rural, KCr20-70 for urban low density, and upwards of KCr500 for dense urban. (540 m^2 is fairly close to 640 sq yd, which is one acre.)

If only urban land was so inexspensive.

I'm about 20 miles outside Boston, in 2000 our land was valued at about $300,000 for 0.2 acre. If the land was 100 feet north, we'd be in a much better town and the land worth double. Yes, the housing prices are outrageous around here.

We might be classified as non-central dense urban mid-desirability at KCr500 for 1 acre; the town over as non-central dense urban high-desirability at MCr1 for 1 acre; land in a central dense urban location (i.e., downtown) has got to be much, much higher.


Rent for a downtown office space, which has varied over the years, but once a prime spot was more then $200 a square foot per month can give an indication. Actually isn't it 640 square acres = 1 square mile? I acre is about 4840 square yards.

At $200 square foot that's about MCr8.7 per month to rent an acre of space, the typical office building is about 20 floors high (to be conservative) so the gross revenue on an acre of land covered by 20 story buildings is about MCr174 per month.