Central Texas man puts life savings into buying virtual property

AUSTIN (KXAN) — Buying property is a big investment, but some people are investing in virtual properties."I put in $18,000," said Justin Reed.That's what he paid for the Khorum Coast, a piece of virtual land in the Entropia Universe, an online virtual reality game."I know it sounds like a lot, and it's a crazy thing to tell someone that, you know, I'm a virtual landowner, and I put my life savings into it. But I believe in Entropia," said Reed, whose avatar name is David Jok