I'm honestly perplexed that so many people are convinced that wealthy folks won't waste scads of money on worthless stuff, just so they can be among the first to have that worthless stuff. That kind of ostentatious spending is EXACTLY what wealthy folks are noted for both in-game and in real life! It boggles the mind that folks even on my relatively low-economy server are still spending 300k-900k on crappy Bluebird minions, and yet that is exactly what is happening. Housing is priced on another order of magnitude - but it is also a lot more showy than a minion is.

It may well be the case that SE set the bar too high on Legacy servers, but I will be shocked if we get all the way to the ninety-day mark without all or most of the prime housing locations being sold, even on legacy.

And, whether or not you believe this was a "trick" Yoshi-P devised to drain away gil from the rich, that is exactly what will happen. If a fabulously wealthy individual or group of individuals has their eye on that PERFECT spot of land, absolutely they will go ahead and spend an extra million or two rather than waiting another few weeks and risking it falling into someone else's hands!

The wealthy are waiting for the prices to drop, but they sure ain't gonna wait until the prices reach minimum. Eventually, a threshhold will be reached where plots start getting bought more frequently, and then you'll see an absolute rush of folks scrabbling to get the prime real-estate before it's all gone.