A New Movement
In real estate development and management the term flipping is common. Flipping in real estate refers to the practice of buying a property, typically at a low price, making improvements or renovations, and then selling it quickly for a profit. The goal is to increase the property's value through upgrades or market timing, often within a short timeframe, such as a few months to a year. Flippers focus on distressed properties, foreclosures, or undervalued homes, aiming to capitalize on the difference between the purchase price (plus renovation costs) and the resale price. Success depends on market knowledge, renovation efficiency, and accurate pricing. Risks include unexpected repair costs, market downturns, or overestimating the resale value.
The other term is trading up. The specific practice of swapping a lower-value property for a higher-value property, often using refinancing or other financial strategies, is commonly referred to as "trading up" in real estate.
If you remember, about 3 weeks ago, as per this post @infidel1258 and I participated in a deal where he will develop 10 plots, 7 river and 3 bog commons for grain. He did that for 3 weeks, and I offered him an opportunity to flip these plots and trade up for 10 wood plots. If you notice in this tract, there are a lot of swamps. Wood grows in swamp, and swamp also take death and water monsters for a 10% boost, just like Bogs. Infidel preferred that, and he decided to trade up. This is simply because wood is 4X pricey than grain. So with the same monsters and same DEC staked on these land,
- his incentive is about 4X earning (give or take, varies daily on price of course)
- there is no requirement for a bridge loan, because the plots are free to him
- my incentive is to clear as many plots as possible, and collect a very small fee as tax because I own the keep
So Infidel1258 returned these river and bog plots to me yesterday, and took the 10 swamp plots, which he is clearing up right now.
I am a big proponent of dual incentive model from growth business. A business thrives if both parties got mutually beneficial incentives. In this case:
- my incentive is clearing plots and collect some tax
- infidel's incentive is to farm resources without having to pay for the plot
I think this is a scenario where a deal-space can exist!
I hope the team can figure out a way to delegate land for these same purposes as it will incentivize players to engage with land as well. It has always been on the roadmap but as an afterthought. Maybe the demand seen recently could put it higher on their list.
Well we are a “delegated proof of stake” chain :) so delegation is an important part of our ecosystem. That said we have one developer for land. I don’t want to burden him too much.
I've got cards that don't rent anymore for battles, is it viable to rent them for staking like we do with staked sps?
Is there enough margin from your side for renting/staking cards for more production?
Rental margin is bad if you are owner. If you want to rent cards for land as a tenet it's great. Rental are seasonal now. Give me your account name, I can take a look and tell you.
It's antisocialist.
You can sell it all. But this is a good ROI you are getting relatively speaking
Yes, the current structure is doing ok, not gonna sell any time soon.
I did like it better when it said 1900usd and hope for that to come back.
So, renting cards to increase land production is not really viable?
I guess I will sort through the cards and stop burning dec to keep the ones that don't rent on the market.
Flipping assets to increase value? 🤔 Sounds like some savvy stable management! 🐴💰
Land management is exactly that
Looks promising to me. This is a practical way to work on Praetoria. Just converted some of my HBD to get some lands.
Ahh!, just seen @infidel1258 post on Twitter , where he says he's taking a position in the wood LP, I am seeing the synergy here. This is beautiful, this is an ecosystem finding it's feet.
Symbiosis, mutualism, commensalism, Splinterlandsisim
Yes. This is the position he was talking about
This is already a win-win situation... still think that the team could/should facilitate in land-leasing/surfing/delegation in some sort of way.
That would boost the whole economy including the card market imho.
Well the team is busy on multiple places, hope they can put this on priority list somewhere :)
Yes, we have to be creative to make this work.
I’ve been really enjoying your info on land and other ways of maximizing its value. Thanks for the knowledge. 🙏🏻
Look at you Mr. Mogul...
I know you've said this in public, but I am surprised you never brought this up in the KoG before. I have a few RUNI pulling very "light" weight for my own my current setup. I would be happy to help supercharge your plot-clearing with the RUNI superpowers!
I'm still learning about flipping and trading up, but seeing how both sides benefit here makes it easier to understand. I like how it's not just about profit but also about strategy and teamwork. Makes me wanna explore more in Hive gaming too
!PIZZA
$PIZZA slices delivered:
@danzocal(1/10) tipped @azircon
Come get MOONed!
I'll shoot you a message when I have some extra cards to use for land... Still filling up my own plots, but that kind of deal making sounds interesting!