Monday, May 30, 2005

The Game Is Virtual. The Profit Is Real. - New York Times

Paying off your mortgage– by playing video games?

This isn’t an article about foreclosures per se, but it did catch my interest. A gentleman by the name of Jason Ainsworth plays an online game called Second Life where he is runs a virtual real estate development business. The bottom line from this? He makes about $1,800 per month after taxes from 4 hours a day on this game everyday. Apparently that’s enough to pay those annoying mortgage bills on his home in Las Vegas.

Mr. Ainsworth isn’t the only one making money off of Second Life, there are hundreds of others like him who are seeking to gain a partial income while others take it as a full time job. Ailin Graef for instance is on par to make $100,000 (real money, not digital) as a virtual real estate magnate. Who says games are a waste of time? But seriously, this isn’t for everyone, and not all want to play a game to make real profit. You notice how the word “Real Estate” keeps cropping up, except in this case it’s all virtual. So maybe for the resourceful and avante garde of the investors out there may gain some ideas from this. But I wouldn’t quit my day job as a real estate foreclosure investor just yet. Check out the following (FREE registration required) New York Times article for fun details .

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