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We need lessons in economics?... thats a laugh!
I, like anyone else want to make money but quite honestly am sickened when I log in and see outrageous prices on easy to craft items because somebody bought up every one of them and repriced all for a rediculous amount. Call it capitalism but quite often its more like extortion!
I love it when an obvious socialist tries talking economics.
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I can't play 24 hours a day or wait for a better price to appear, I work for a living.
Very few here do the former and most do the latter, yet we somehow figure out how to make a buck with our limited time.
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All you whiners drive the prices up so high that nobody who doesn't actually buy gold with real money or spend 20 hours a day playing, could possibly ever afford to buy.
Very few people are capable of driving the price up - it takes a huge bankroll or a very limited product in order to create an AH monopoly and the reality is that it can never last as people will always undercut, either by a little or a lot and the higher the price is, the more inclined people will be to farm the item and post it themselves.
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I undercut all the time because of all of you greedy folks out there. You know who you are. Your in a captive economic environment and take totally outrageous advantage of it, THEN cry like babies when you get undercut.
Sure you do - you're just so good and kind hearted that you grossly undercut just to teach the higher priced people a lesson.
Then you whine that you cant afford to buy what the greedy folks are selling because you practically gave away your stuff on the AH (oh, and here's a hint - if you undercut too much then people will simply buy the item and flip it for easy gold).
No, I think the reality is that you're either someone with a first time, low level toon who expects to be able to buy purple epics for just a few gold each, or you simply suck real badly at gold management.
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Quit whining and deal with it.
Says the person whining that he can't afford anything on the AH.
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If you lower your prices to a reasonable amount you'll sell more and drive the extortionists crazy!
Unfortunately, the AH doesn't work on economies of scale - if I want to farm one item it will take me X minutes to farm it - increasing my goal to farming 50 of that item will not reduce the average amount of time it takes to farm it - the drop rate will always be Y% and thus always take X minutes on average.
Additionally, its no cheaper to make one item then it is to make 50 of them - the thread merchant wont give me a bulk discount and it doesn't take fewer mats to make 20 of an item at once vs 1 of an item.
I don't want to be broke like you - I want to be rolling in gold and be able to afford the greedy prices on the AH.