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Yoshi P comments on Housing PricesFollow

#102 Dec 22 2013 at 3:23 PM Rating: Excellent
We're all saving up in our FC... but I'm really worried about how current deflation in the market (from everyone trying to save for housing) will make things even MORE difficult than they already are.

Just over the weekend, the price of some materia has fallen from like 20k+ to 15k or 16k... and we're just getting started.

If market prices deflate by 50 percent, then the gradual drop in housing prices will be completely insufficient to make buying housing any easier.
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Thayos Redblade
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#103 Dec 22 2013 at 3:47 PM Rating: Decent
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Thayos wrote:
We're all saving up in our FC... but I'm really worried about how current deflation in the market (from everyone trying to save for housing) will make things even MORE difficult than they already are. With the best materia becoming much more affordable, of course the prices of the rest are going to drop too.

Just over the weekend, the price of some materia has fallen from like 20k+ to 15k or 16k... and we're just getting started.

If market prices deflate by 50 percent, then the gradual drop in housing prices will be completely insufficient to make buying housing any easier.


The materia price has nothing to do with housing. It's now easier to get level IV materia due to the changes in the update. Also, the crystal tower access quest gives you two pieces of level IV materia for next to no effort.
#104 Dec 22 2013 at 5:14 PM Rating: Good
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Thayos wrote:
We're all saving up in our FC... but I'm really worried about how current deflation in the market (from everyone trying to save for housing) will make things even MORE difficult than they already are.

Just over the weekend, the price of some materia has fallen from like 20k+ to 15k or 16k... and we're just getting started.

If market prices deflate by 50 percent, then the gradual drop in housing prices will be completely insufficient to make buying housing any easier.


How close are you to affording any of the plots? Another thing to consider is the price of the house as well, I'm not sure if I mentioned it in my FC housing thread, but the home itself (after the initial 30million plot purchase) was another 1million for the medium sized house.

Also this:
Screenshot


Edited, Dec 22nd 2013 5:18pm by Dyadem
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#105 Dec 22 2013 at 7:10 PM Rating: Excellent
We're pretty far away from affording anything. We're a small FC, only 23 members total... we're all active, but none of us have time to live in the game, and there are only 23 of us... I'd say only 15 of us are highly active, too.

Quote:
The materia price has nothing to do with housing. It's now easier to get level IV materia due to the changes in the update. Also, the crystal tower access quest gives you two pieces of level IV materia for next to no effort.


I'm talking about tier III materia that aren't rewards for these quests. All materia prices seems to be dropping, because converting materia was one of the better ways to make money... and now many more people are saving all their gil for housing, rather than spending in the market.

I'm not trying to complain, I'm just curious about whether developers will take "corrective measures" to make sure housing remains accessible. The deterioration of housing prices over time was implemented in large part to make housing reasonably attainable for groups willing to put in the time to save up... but if prices only decline up to 50 percent over three months, I could easily see deflation being even more severe during that time... meaning housing may be easier to buy now more than ever... which isn't what SE intended.
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#106 Dec 22 2013 at 7:30 PM Rating: Good
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Thayos wrote:

I'm talking about tier III materia that aren't rewards for these quests. All materia prices seems to be dropping, because converting materia was one of the better ways to make money... and now many more people are saving all their gil for housing, rather than spending in the market.



That, and more people are probably trying to convert materia to make money for housing, thus flooding the market.
#107 Dec 22 2013 at 9:18 PM Rating: Good
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Dyadem, pet mage of Jabober wrote:
reptiletim wrote:
Nashred wrote:
Went through the residential area on our server last night for gridania and not one sold.. .


On Gilgamesh the free company MagiTaint has purchased housing in Gridania. I went and toured the place. It was mostly empty, with about 3 free company members afk in it. There was basic furniture there, as well as a couple hot tubs and a shower in the basement. The 2nd floor was barren aside from a single bed with a FC member sleeping in it.

My overall impression was "they paid that much for THIS?"

I guess I just wasnt impressed at all. Looking at the house, which was one of the larger ones it seemed, didn't seem like it was worth the money put into it. Maybe that will change with time as more exotic decorations come out.


It's the medium sized house, which to me is actually fairly large. Yes we paid that much for it, because we decided not to wait another 3 months of saving, for the same reasons as mentioned, a lot may be leaving for ESO and we were tired of the stress people were having, and we just wanted to get it done and over with.

You must have only been in there on the first day... (in fact I know it was, we had to lock it from visitors by the 2nd)... we've added a lot of furniture to the main floor and upstairs since then.


Edited, Dec 22nd 2013 2:26pm by Dyadem



I suppose it's fair to ask then, do you feel like it was worth the cost?
#108 Dec 22 2013 at 9:30 PM Rating: Good
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I paid 10,000 gill... so yes.
____________________________
Things I sometimes play...

"What do you want to be when you grow up?"
"I want to be a unicorn!"
"Awww, why's that?"........
"So I can stab people with my face."
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