Man Buys Digital House Station For 330k Real Dollars
That is what MMO Planet Calypso (previously Entropia Universe) player "Buzz Erik Lightyear" paid to "own" an in-game hub. As you can see above, he paid 3.3 million "Challenge Entropia Dollars" for the virtual actual estate, and those PED were bought with actual dollars -- 330k of them. What does he get for his money? The station is likely one of the nicer setups within the digital universe, and since gamers pay PED to shop, hunt, and hang on the market, "Erik" can set tax charges on the payments, Enoch Emery and turn pretend bucks back into actual cash. We're undecided how much actual money (relies on the place he units the rates, and that may affect the place's recognition as well), however it's going to probably be some time before he can ... flip... this... house!
Generally, you must be no less than sixty two years of age and occupy the home as your principal residence as a way to qualify for a reverse mortgage. You could own your house outright or have a minimal mortgage stability you could pay off with proceeds from the loan. For many federally insured reverse mortgages, your dwelling have to be a single-household house or a two- to four-unit property that you simply own and occupy. In some cases, townhouses, condominium units and manufactured houses are eligible, too.
The Fed received extra arms-on in 2008 when it assured $30 billion of debt when JP Morgan Chase purchased out Bear Stearns [supply: AP]. Funding banks are the institutions that really inject money into markets. When these large firms stop investing (or go below), your entire monetary system can grind to a halt [supply: Farmer]. Funding banks make their money on dividends from their investments, and when they've extra money to take a position, the market is stronger.
The last remaining obstacle to drone dominance in the United States is the Federal Aviation Administration (FAA), which has banned the business use of drones above 500 feet (152 meters) and past visual sight of the operator [source: Jansen]. Businesses that want to make use of drones both have to rent licensed pilots or apply for an FAA exemption [supply: FAA].
