Last May 1st, Anshe Chung became the first imaginary RE investor to appear on the cover of BusinessWeek, when she was also featured in that issue's cover story.[1] I remained blissfully unaware of her (non-)existence until yesterday, when it was reported that she in the meantime she had become the first virtual person to achieve more than $1 million in actual US dollars. [2] [3] I find the whole concept extremely weird and more than a little appalling. Furthermore, taken together with the US re-fi bubble and mortgage finance, the very idea of similar things happening in online games with…
Read more…
