Domain investors are often criticized and called out for the “non-use” of their domain names. Whether these domain investments are parked with PPC advertising or totally undeveloped, there is often criticism lobbed at domain name owners for not utilizing their domain names, forcing people who want to use them to purchase lesser alternatives.
When I hear or see criticism like this, I often discuss the parallel between domain name speculation and real estate or land speculation. Just like a real estate investor should be able to do what he wishes with his property within the law, domain investor should be able to do what they want. Sometimes I am rebutted with the argument that real estate investors don’t just let their properties sit idle, as they rent them, live in them, or use them in another way.
I want to share this MyFoxNY.com article with you, and I think it helps to show the parallel between real estate and domain name investing.
Despite the fact that there is an apparent “housing crisis” in New York City right now, there is a luxury apartment building that doesn’t have many residents living there. From the article:
“Jonathan Miller appraises the units at One 57. He said if you were to walk by at night the skyscraper would be largely dark because a majority of the units’ owners are international and don’t live here. They are using the apartments strictly as investments.”
Yes, there may be a lack of housing in NYC, just like there may be a lack of great domain names available. However, this does not mean that the investors have any obligation to do something with their investments, and they should be free to do as they wish.