Extreme Undercutting - Should it be a violation?

[Ransom]

It's not all that big of a deal, though I do feel that the FF 11 style AH was better, since the way it worked tended to keep prices more stable. That said, here's my question: Why do so many people put things up on MB for prices LESS than vendors would have paid them?

[Gramul]

Not at all. The market adjusts itself for these things.

[Averax]

Capitalism.

You know, you have every capability to buy and re-sell their item for a profit...

[AxlStream]

The joy of an open and free market. Sell anything at any price, as long as there is a buyer for it. Nothing wrong undercutting if you wanna sell faster... or crash some markets.

[Malia_Chan]

I don't understand the point of this. Op, you reported yourself for undercutting? Why are you not being punished abusing the report system, wasting the GMs time, and even posting the GM response on the official fourms?

[Kaedan]

No, it should not be considered a violation or even negative. It's a completely valid market tactic.

[CrystalRainbow]

My time in game has a value. And if I have all my market slots full I only make gil by undercutting I don't extreme undercut. But it's basically a free market and will correct itself with supply and demand.

Also if someone need a lot of something undercutting at a loss of gil and turn around and save themselves gil before the correction happens.

[savageink]

undercutting what? most crap on the MB is over priced. where did this magical "standard" price come from? somebody made it up, probably in an attempt to make more money then any item is actually worth. if you take component prices of anything (which is located in the handy tool tips) add them together and then add a reasonable amount for time and skill required plus a bit of profit nothing on the board even comes close to a realistic price in a real world economy...probably even compared to worst case US medical markup. No, undercutting should not be considered a reportable offense. It should be a public service.

[Charlayy]

God I miss those FFXI blind auctions.

Me too it was great

[Zarabeth]

Speaking as a crafter, I think the free market system is preferable to setting limits on what price a player can set. There is far too much potential for abuse once limits are set. Don't like someone undercutting you? Report them. No thanks.
As to what other games do. who cares?
No one likes being undercut, but that's how a free market system works. Please don't change this.