January 1637 - Day 105b

The COT1413 (6 exist) was sold for 22 mil. This is an indication of the COT prices, since both less and more desirable (old, rare) tokens exist. Getting the money has boosted Martti to schemes unimaginable, and he is busy redeeming the time lost by writing up to twice per day to the blog as well.

Martti started playing with the Building Editor and was happy to find out that the Residence in his lot is feasible and even somewhat profitable. In a 100 sqm size (between the smallest allowed on the lot, 60 sqm, and the largest possible, almost 1000 sqm) he would get 17 CUL+IC (worth 2.2 mil/year) at a 24 mil investment.

Since the land is free and does not count (Martti sold an equal size land for 39 mil last year so if it was not free, it certainly would count!), 9% APR is possible. Adding more floors would be an easy way to get a marginal benefit nearing 9% as well, but 100 sqm fulfills the historical norm for Knights handsomely, and when Martti is promoted Baron (which he calculates to happen in 10-15 years), living in B.4 is not an option anyway. Also the one floor construction does not burden the wet soil too much, and the building will take longer before repairs are needed.

The actual building may happen as soon as by the close of the year, so bids for materials are placed already.

An unfortunate realisation was that the house where Martti used to live, as well as its neighbor (bought for 12 mil total, on 100% loan), were demolished due to mold. This business did not end up well, because the land is probably not worth the money, and building (tested and tried!) cannot bring in more than 5% return as Apartment, which Martti is already starting to sneer at.

One option would be to just keep the land, another is to sell it as Apartments or Residences. Prompt action is needed, because when Wood opens, all commoners can get their lands and buildings very cheaply and this does not sell. More advanced players, even Martti himself, find the location too dirty. And keeping them as rentals is not lucrative due to Martti's need to make 11% per year to end up owning 1 billion, which is his goal.

The Prince of Soul - remembered for offering a new player bonus of 2 mil when Martti started - has inaugurated his new palace in Versailles. This 1,800 mil / 2,000 sqm project is one of the finest in town. The Royal Château cost 4,900 mil and is 5,000 sqm.