Miami resident Jon Jacobs paid $100,000 for a piece of property and hopes to:

…hire famous disc jockeys to entertain visitors once a week or so at the resort but still reckons on netting $20,000 a month from the hunting tax and other income.

“I want to operate this thing at the level of a major nightclub in a major city,” Jacobs said.

But the property Jacobs bought doesn’t actually exist. It’s part of an online game called Project Entropia.

He refinanced his house shortly after and considered investing some of the cash in the hot Miami real-estate market, but he realized that if he bought a rental property, it really wouldn’t generate any income beyond what he’d pay for the mortgage and repairs.

So he invested the proceeds in the game.