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I don't get where the price of land comes from? It's just a unique patch of dirt that they own, that I want and I can't get anywhere else - why do they want to
by yuvouv 17y ago
I don't get where the price of land comes from?
It's just a unique patch of dirt that they own, that I want and I can't get anywhere else - why do they want to so much money for it?
It's not like they have built an office block on it like I want to do!
- ivyirwin 17y agoFair enough. Decent analogy, but not quite to the point. Land prices are adjusted over time due to quality of land, location, and surrounding. Domain prices are all relatively the same price new, but theoretically the next day someone can turn around and sell a new domain for tens of thousands of dollars. If you're doing to make the real estate argument, then new domain purchases should also have variables pricing from the same domain provider such that somekeywords.com is more than gobblygook.com, don't you think?
- yuvouv 17y agoTo push the analogy further - no. Unclaimed domain names are like parts of the wild west handed out to early claiments, they all had the same value/acre (=almost nothing). Then when a city had been built on them (=you have a brand) then the price goes up. Even if the owner didn't do any work to build the city, having an empty lot in the middle of it is still valuable.