EQ Economy

[MasterCS]

As most people have noticed, the economy on the server has taken a huge dip over the last 3-4 months. I was just curious as to what people think this is attributed to. Is the server just getting that saturated with items, due to a dip in server population since Agnarr, combination?

[Baler]

The prices on items actually took a dip like a year ago now.
Fat cats try to keep it high though.

And yes the server is saturated with items, many of which are over priced. Part of the reason items havn't plummeted in price is many are rotting on lowbie alts and in bank boxes. But much of that eventually makes it's way to market just not all at once.
I wish the staff would release the statistics for some of the most sought after items. Like the absurd number of fungi tunics on blue.

[Izmael]

They will probably never release any even remotely useful or relevant statistics because that would be non-classic.

I would love, however, to see some vanity stats such as
- number of fungis destroyed
- number of green scales given to a wrong NPC
- number of earth staffs given to pets

stuff like that.

[aaezil]

if people just straight up stopped paying those ridiculous inflated prices on very common items then prices would have to drop. You can blame the fat cats (some of them were caught spamming WTB in tunnel then switching to their seller who had that item to fix prices and continue) but also blame yourselves.

[fadetree]

It's true, no matter how hard they try, if no-one will pay what's being asked then that's not the 'price'. The actual problem is there's no alternative 'camp it yourself' for a lot of these, at least for people not willing to really obsess. It's more of a hostage system than an economy.

[mattydef]

I think the most recent hits to the economy is the nerf to seafuries and rogues finally getting rid of their haste items since they changed the Ragebringer. By far the most common price drops have been haste items lately. I still find it funny how AoN somehow went up in price by 100k or so recently, even with a dozen for sale at the same time. It's almost like the owners of these try to one up each other in price, but instead of going lower they go higher.

[jakerees]

Supply and demand my friend. If the supply is high, then the people of Colorado are happy. If the demand is high then we are all in trouble like my cousin Jeff who puts too many bets down on the boat races, but they aren't even like speed boats, we're talking like big freighters going across the ocean. I don't know how he even does it but one day he's all cigars and women and the next he's looking over his shoulder so "Ramon" doesn't find him.

[Necrostoner]

Pretty simple. The items are constantly popping. There is no slowing this. Supply is really high which makes demand low.

[citizen1080]

Originally Posted by mattydef [You must be logged in to view images. Log in or Register.]

I think the most recent hits to the economy is the nerf to seafuries and rogues finally getting rid of their haste items since they changed the Ragebringer. By far the most common price drops have been haste items lately. I still find it funny how AoN somehow went up in price by 100k or so recently, even with a dozen for sale at the same time. It's almost like the owners of these try to one up each other in price, but instead of going lower they go higher.

I am 99% sure the AoN price is artificially inflated. Guessing the same group is farming golems with 2-3 guys and keeping price up. AoN shoulda plummeted with increased drops after revamp.

[jolanar]

Yup supply and demand. Just means there is more supply than demand. My guess is many new players go to Agnarr instead of P99.