economy why not thing be cheaper like jp servers

[hydralus]

You arent going to see a market where things sell below cost of production.

Funny I've seen the thavnarian bustier and currently the moonfire halter where you've got about 620k in materials and they only sell for around 600k a piece.

It's an MMO. Real life economics aren't as big a factor as you'd like to think because there are SO many people who don't give a damn about the gil they make. A lot of the reason stuff costs so much is because there's such an abundance of gil that people are 'stupid' with their money. Friend of mine spent 6m on a helmet for glamour one time and thought they got a big steal because the helmet 'usually' cost 10m. They only had 7m gil. This is rampant in the MMO community where someone will clean themselves out on a single purchase just because.

[Derio]

I recently made 500k in the last 2 weeks from doing DF potd and fates, so I doubt it is hard to make money

[Zojha]

Funny I've seen the thavnarian bustier and currently the moonfire halter where you've got about 620k in materials and they only sell for around 600k a piece.

You are doing one mistake here, namely to think of the MB prices for the materials as the cost of production.

The cost of production for an item however are as follows:
- Partial Repair costs
- Partial Equipment cost amortization
- Opportunity cost, in this case typically: Time

You can gather materials yourself and all it costs you is time, so the only cost in that lies in the fact that you could have done something else, something "more" profitable in that time. The difference between what you gain for your time and what you could have gained via other activities in the same amount of time becomes the opportunity cost.

That aside, I said it earlier and I'll gladly repeat it: The ingame market is highly flawed, inefficient and leads to massive welfare/utility losses. Keynes, Marx, Smith and Ricardo would unanimously turn in their graves if anyone claimed otherwise, despite their large differences in opinion.

[hydralus]

You are doing one mistake here, namely to think of the MB prices for the materials as the cost of production.

Doesn't change the fact that selling the pieces individually net you more money than crafting the actual item. If you go out, spend the time to get all the mariner cloth, and then craft the moonfire halter, you are LOSING money.

[Krazymagic]

It's an MMO. Real life economics aren't as big a factor as you'd like to think because there are SO many people who don't give a damn about the gil they make. A lot of the reason stuff costs so much is because there's such an abundance of gil that people are 'stupid' with their money. .

Ignorance can set the market... This is true in a real or fake economy. You see it all the time in real estate, and the 2005-2008 bubble was a good example. If enough people are willing to pay a certain price for something, then that is what that item is worth in the market, even if that value is based entirely on ignorant buyers.

[basketofseals]

I recently made 500k in the last 2 weeks from doing DF potd and fates, so I doubt it is hard to make money

That's not enough for a single craftsman V materia, and my server generally has very low prices.

[KeiranOlive]

There is something that non-crafters may not be taking into account when it comes to mb prices. When crafters price an item, they consider more than just the cost of the raw materials that are needed to make it. Leveling your DoH and DoL classes and gearing them is a large investment and you need to make your money back if you want to be successful.

Crafters often spend a ton of time and gil crafting their own gear and pentamelding it. I'm talking tens of millions of gil if they are buying materia off the mb (have you seen the prices for grade 5 crafting and gathering materia on the mb?!) or if they are unlucky with the rng of spiritbonding, melding, and desynthesis. Even if they avoid buying mats on the mb and do the gathering themselves to save money, they often spend dozens of hours gathering all the materials needed. Then you add the cost of crystals and repairs.

And lastly, crafters and gatherers usually price an item much higher than the price they want for it because they know that as soon as they put it on the mb they will have other players undercutting them like crazy. I almost never sell an item for the price I start out with. The markets in this game are insane sometimes. Prices can fluctuate wildly and some sellers will purposely tank the market for an item to try and push you out of it.

With that said though, are some crafters and gatherers greedy and charging outrageous prices? Yes, they are, but there are more factors at work than you might realize.

[MomomiMomi]

...

Really? The only thing I consider is what people are willing to pay for it. If you want to call that greedy, go for it. I call it business.

[Astral145]

The glamour side of FFXIV on the market board is getting really out of hand. For example 5k+ for a Cloth 1 glamour crystal is pretty bad then you look at a cloth 3 or smith 3 its going for 14k+ which is insanely over priced. The mats are super easy to gather and glamour crystals 1 - 5 are cheap and they drop from dungeons like gum drops on Xmas morning. 10 to 15 mins of gathering/farming is all you need to craft multiple glamour crystals of all types and practically for free. All you need is a lvl 30 crafting class to make glamour crystals.... I just dont understand how people think its perfectly normal to sell them for 14k a pop.

If this keeps up I am going to spend several weeks gathering/farming multiple apon multiple stacks of mats and crash the market board to the point its back down to 1k to 2k a pop for all types of glamour crystals. In all honesty SE needs to rethink the glamour system.

[Laurima]

It's Level 50 to craft glamour prisms, not Lvl30