Wait, doesn't housing prices go down over the course of a short amount of time?

[Curcio]

I seem to recall it being about 15% every quarter of a day.

I see all this math posted on here about not being able to buy a house for many months, but if price devaluation is 60% a DAY then the houses will all be bought up within a week, lol.

"The Devaluation Timer
The price of a plot of land is set to be reduced 14% every six hours."

Found it.

It basically amounts to as people farm money for their FC housing, the house prices will be going down. So not only are you working UP towards a goal of a house, but the goal is dropping DOWN in price to meet you halfway.

Of course you'll be competing with other FC's for the plot of land, so let's hope the price is worth it?

Am I missing something here? Something I haven't figured out about housing prices?

[Archulak]

14% is a mis-translation it's actually 0.14% and after 90 days it will only drop to 1/2 the original price approximately.

[joshsecret]

[Curcio]

14% is a mis-translation it's actually 0.14% and after 90 days it will only drop to 1/2 the original price approximately.

Thanks for the informative post. Thought I definitely might have missed something.

[Rivienne]

It also won't go lower than half.

* The price will reduce a maximum of 360 times in 90 days and will will fall to half its starting price

[Curcio]

It also won't go lower than half.

* The price will reduce a maximum of 360 times in 90 days and will will fall to half its starting price

Ah! Well there we go. Down with the prices I say. Again, thanks for the informative post.

Seeing unfunny Sword Art Gifs below bad memes really speaks to me about the lack of communicative skills the internet bestows upon people.

[JoeCribbs]

I seem to recall it being about 15% every quarter of a day.

I see all this math posted on here about not being able to buy a house for many months, but if price devaluation is 60% a DAY then the houses will all be bought up within a week, lol.

"The Devaluation Timer
The price of a plot of land is set to be reduced 14% every six hours."

Found it.

It basically amounts to as people farm money for their FC housing, the house prices will be going down. So not only are you working UP towards a goal of a house, but the goal is dropping DOWN in price to meet you halfway.

Of course you'll be competing with other FC's for the plot of land, so let's hope the price is worth it?

Am I missing something here? Something I haven't figured out about housing prices?

As Archulak said, it was a mistranslation. But even if it wasn't, your understanding of how percentage reductions occur is incorrect. 15% every 6 hours does NOT equal 60% a day, but rather approximately 48.2% a day.

For example: Say a house costs 100,000,000 gil (nice, multiple of 10 for easy math). After 6 hours, the price drops 15% to 85,000,000. After another 6 hours, the price drops to 72,250,000, not 70,000,000. The reason for this, is percentages are multiplicative, not additive.

100,000,000 x .15 = 15,000,000; 100,000,000 - 15,000,000 = 85,000,000
85,000,000 x .15 = 12,750,000; 85,000,000 - 12,750,000 = 72,250,000
72,250,000 x .15 = 11,287,500; 72,250,000 - 11,287,500 = 60,962,500
60,962,500 x .15 = 9,144,375; 60,962,500 - 9,144,375 = 51,818,125

48,181,875 deduction in 24 hours.

This post is not meant to inform, not to demean.

[Curcio]

Thanks for the heads up, you're right. I guess my original point was, it would still be cheap after a day if it was indeed 48.2% over the course of a day.