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Posted: May 13th 2008 4:53PM (Unverified) said

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It's evident to even small land owners now, as of 13 May or so, regarding both estate land and mainland, that the appointed caretakers of the land supply lack any of the following:

1. Backgrounds in economics, econometrics or real estate.
2. The ability to do real-time analysis or trend forecasting.
3. Any concept of what the word "value" means.

What is clear, however, is the hamfisted, emotionally charged, reactionary stops and starts of the "Land Dept" as it continuously tries to remove Chandler's Hand from the marketplace and tries to replace it with the hands of meddling fools to "make" things a certain way.

People are angry on the mainland that land purchased between November of 2006 and March of 2008 has already been devalued approximately 50% and, more importantly, buyers for land have, by and large, disappeared, for lack of a better word, as the Land Dept has now injected fear, uncertainty and tension into an otherwise stable, fully-functional market.

As a resident since 2006, I've observed this over and over, however, April 7th's blog announcement, followed by too many new sims - as part of a new continent no less, has brought trading to a virtual halt.

When a company makes a decision to eliminate value from its customers - in many cases here, earned value - then there is something wrong. Either the CEO and CFO are drinking the same Kool Aid or they're asleep at the wheel, because properly run companies just don't take value away, on the converse, it's their job to add value.

There's a right way to achieve lower pricing and a wrong way. The wrong way has been aptly demonstrated over the past few weeks and the person in charge of the land supply should be relieved of his or her responsibilities and transferred to some place where they cannot deteriorate brand loyalty and trust as they have been doing.

Hand in customers wallets - destroying value - Game Over.
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