Quote:
Originally posted by NaturalInstinct
I don't mean to upset anyone it just frustrates me. I think frosties analogy is closer to the truth than edwins, it's totally different from the housing market because houses are priced at sensible market rates, if the housing market were like the domain name market then 90% of homes in england would be empty. Domain names are so cheap that people can buy them all up and just let them sit unused which I find to be a terrible waste.
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It's been
exactly like the housing market was hundreds of years ago, where basically anyone could buy title to staggeringly vast pieces of land for a song (so long as they got there first).
Nowadays, the market for domains is a lot closer to the market for houses (if you take out of the picture the fact that anyone can register thisisajunkdomain333.co.uk for peanuts) in that any decent domain costs decent money. Of course, there are still underpriced bargains to be found (just like in the real world there are bankrupty auctions, inside deals etc.) but by and large if you want a PRIME domain you're going to be looking at "real money".