What is an item worth?

[Kazamoto]

I was going to say this post is Zigkid3 and Bizzybeast/MentalPoison bait, but Zigkid3 beat me here.

Anyone who thinks that there is no problem with the current level of undercutting and degree to which things gets devalued must also feel that Walmart is good for a local economy.

When someone doesn't care that they are selling at a loss and undercuts an item for a third the cost of its base materials (you see this with lumber frequently), it drives out other producers.

Often the price of lumber will drop to the cost of a single log. And when it does, I sell logs rather than lumber, following the money with the goods I have.

But in what business model does selling something that costs 300+300+300+50 for 300g -tax make sense?

Granted, people who gather the base mats, like myself don't lose money as those who bought the mats would have.

The frequent adjustment angle means someone who just wants to liquidate some unneeded materials has now set the new price point, unless someone who makes it their business to sell only that item is constantly camping the markets to buy out undercutters. And if that is your idea of gameplay, you should really be playing EvE.


"An item is worth what somebody is willing to pay for it."
I wish this phrase were the truth in FFXIV, but the truth is:

"An item is worth as little as someone would take to liquidate it for, at this exact moment"


TLDR?
(Sensible) people are upset because items are constantly being sold way under cost, not for less than they are entitled to.