An economic primer on how to get rich off the new housing system!

[Merciless]

Or nobody bothers buying a house and the prices of everything stay the same.

[scarebearz]

Or nobody bothers buying a house and the prices of everything stay the same.

This + new ways to Make Gil = some inflation.

[Dyvid]

Actually I'm less worried about inflation and more worried about recession.

[Azurymber]

Actually I'm less worried about inflation and more worried about recession.

Recession can be caused by both inflation or deflation.
You can't really have a recession in game because it's based on investments and loans and GDP (which are not in ffxiv)

So you're probably thinking of deflation

[Baneus]

I have a degree in it and run a company o_o sorry.

On the Internet, no one knows that you're a dog.

[Azurymber]

On the Internet, no one knows that you're a dog.

i'm a cat, can't you tell by my display pic and the "mew" in the comments? callin me a dog! so animalist!

[Lyrinn]

This would've been fine and dandy ... if the assumption that gil was worth anything was true. Let's say you hold off on your big housing purchase. What are you going to spend your gil on? The markets have been declining since launch because everyone has access to everything; you merely pay for convenience/laziness. Gil is worthless outside of housing at the moment. Thus, you don't actually gain any value even if gil in the system is reduced.

[Atheena]

Recession can be caused by both inflation or deflation.
You can't really have a recession in game because it's based on investments and loans and GDP (which are not in ffxiv)

So you're probably thinking of deflation

Not really! The game has no item decay system like in real life! that is your true GDP.

Crafting nets nothing now and after 2.1 it will become nearly impossible to make a decent coin! Gil will be constantly taken out of the game more than the server can replenish from housing, repairs, transport and other stuff.

[Azurymber]

This would've been fine and dandy ... if the assumption that gil was worth anything was true. Let's say you hold off on your big housing purchase. What are you going to spend your gil on? The markets have been declining since launch because everyone has access to everything; you merely pay for convenience/laziness. Gil is worthless outside of housing at the moment. Thus, you don't actually gain any value even if gil in the system is reduced.

When new content is released with items that are worth something you would have considerably more than others and thus it would be relatively cheap to get high demand stuff.
But of course you are right, if gil will never have any use outside of housing, might as well blow it on a house.

[Azurymber]

Not really! The game has no item decay system like in real life! that is your true GDP.

Crafting nets nothing now and after 2.1 it will become nearly impossible to make a decent coin! Gil will be constantly taken out of the game more than the server can replenish from housing, repairs, transport and other stuff.

I don't understand sorry.
If it's nearly impossible to make decent coin
and money keeps getting taken out of the economy
then you have deflation (prices go down) and any money you saved is worth more.

I don't get the GDP comment.
Recession is based on GDP, employment, investment, bankruptcies, business profits, etc
None of that exists in game

However if the game had that then yeah you would get a recession
Or if you're arguing that the inability for people to make gil is equal to a recession i guess that is pretty legit

But in that case, saving gil now is still the best option (as you wont be able to make it if there is a 'recession' and people will be desperate to sell so prices will plummet)