Furnishing mats monopol in game right now

Danikat · October 2018

therift wrote: »

Thank Stendarr consoles do not have add-ons that snitch to everyone the prices and availability of items across all guild traders, making it easy to snatch up all the cheap furnishing mats as you allege.

As for a 'global sales house'... imagine how easy it would be to corner the market on furnishing mats if all you had to do was visit one trader NPC rather than hundreds.

Global sales house system would be a disaster.

In all the games I've seen it does the opposite. Because selling is opened up to everyone instead of the select few in trading guilds there are simply too many sellers for anyone to dominate the market. And the majority of them are not dedicated traders flipping items according to a carefully calculated plan to maximise their profits - they're just looking to get rid of some stuff they don't want and make a quick bit of gold, so they tend to undercut the hardcore traders and that keeps the prices down.

idk · October 2018

I think OP is not seeing the full picture.

It should be obvious that many players would be purchasing crafting matting matts as there would be a significant increase in crafting furnishings due to this free home.

With that the lower cost matts would sell fast and anyone smart would know they would be able to sell their matts for a higher cost.

Add that the normal activity that other smart players run around to the various traders and buy cheap matts and resell them. Smart.

In the end there is no monopoly that OP seems to casually toss out there. It is a decent number of players from various guilds that are participating in this. Those that waiting until now will obviously pay a premium, or they can wait longer until the market slows down again.

generalmyrick · October 2018

SpacemanSpiff1 wrote: »

neat. maybe i should start selling mats.

Also, you don't have to buy materials from guild stores. They figuratively grow on trees.

on my way to grahtwood!

Anrose · October 2018

If only there were a way to get raw furnishing materials without paying for them...

Oh wait.

Cryptical · October 2018

therift wrote: »

Thank Stendarr consoles do not have add-ons that snitch to everyone the prices and availability of items across all guild traders, making it easy to snatch up all the cheap furnishing mats as you allege.

As for a 'global sales house'... imagine how easy it would be to corner the market on furnishing mats if all you had to do was visit one trader NPC rather than hundreds.

Global sales house system would be a disaster.

Actually, opening up a way for everyone to list a few things would put so many items on the market that none could manipulate it. First, you must understand that by the numbers less than 10% of the player base has a guild trader. For every 1 person in a trader guild, there are 9 people just running around slinging their cheese to the merchant or zone chat.

What you fear has already been attempted, and failed...

Last summer a bunch of wealthy players got together and attempted that procedure of buying up all of an item and jacking up the price. They tried it with aetherial dust. They hit every guild trader and bought up every pinch of dust there was at around 65k to 75k, and kept at it for about a month. Then they listed the dust at 90k to 110k. The dust sat and expired, because it made no economic sense to use it for mythic xp potions priced at 40k and up. They failed.

The rareness of dust meant they had it easy when trying to scoop it all up. Making this move with anything that is easily farmed means they could not keep up with the full population’s farming action.

Even more impactful is that the infrequent need for dust meant their few number of listings could keep up with the small demand. If they tried it with tempers or other common mats, they could not fill their listings fast enough to keep up.

A global sales floor, where everyone could list a few things, would bring the excluded 90% into the market.

NordSwordnBoard · October 2018

Jamdarius wrote: »

Instead of making it gold sink they made it exclusive luxury for 24/7 gold farmers.

C'mon, it's not that bad. I got the Grotto, and filled it with self-crafted, luxury vendor items, or achievement/zone purchases like the Alinor retaining walls. 700 items took a while, and I had stored up mats for over six months without using them. I still needed to buy some more too. I didn't get price gouged because the mats were not in high demand when I bought them. I was lucky to finish building before the free house changed demand.

700 items is "notable", and I think its still not enough. You mention limited play time, you just have to decide if its worth your time to farm gold or mats to meet your own arbitrary deadline, or just casually decorate as you accumulate at your leisure.

Price fixing isn't an option. I would be OK with increasing yields from nodes, but they seem to want that limited to events that have double drops. I still don't see why we can't get housing mats from surveys - not tons, just something on the side.

Jayman1000 · October 2018

Jamdarius wrote: »

So it came to this like I thought it would,

All main trading guilds are buying out all furnishing mats and selling them for 10-20 times more due to Psijic Home release to all players, I call it <censored> move. GM's should do something so that certain players who have 2 much gold cannot dictate prices out of their ill will because it ruins players who do not have time or know how to earn gold, some players I know already stopped thinking about furnishing their homes when they saw prices of mats ... Regulus price before frree home 4-5 gold now 30-40 a piece heartwood 10g / piece now 200... Grats you have killed last thing I enjoyed in game... If you ask me we need new ideas for trading in this game cause 1 or 2 trading empires dictate prices for everyone and it is making game not healthy. I know I am whining and taking easy way of making gold (200k + from crafting daily writs weekly and some motif sale also around 200k weekly), but for sanity sake pls do something about this so that all players can make their own homes furnished...

Actually what I did was buy up and save 100's of thousands of heartwood, bast, ochre, alchemical resin, clean pelt and whatever that crap is called, everyday ever since the free villa was announced. I expected the prices to explode when so many players are awarded a free big mansion to play in.... Now im selling to the highest bidders and I gotta tell you I like that CA-CHING sound

But don't wait too long though, I suspect it will soon be over.

Seriously, this is the way supply and demand works. When there's a huge demand and players are willing to dish out insane amounts of cash for items they want do you expect us to just hand out the valuables for free? Of course not, we sell at the highest price possible. That's how the trading part of the game works.

What exactly do you expect ZOS to do about this? You want enforced fixed low prices? that will just make the matter even worse, stores will be even more empty, just like in soviet union.

If you had thought about this in a little advance then you could have bought these items for nothing too.

Danksta · October 2018

If you saw this coming why did you wait to buy mats when the prices skyrocketed? This is just simple supply and demand. Demand goes up, so do prices.

Linaleah · October 2018

for anyone who claims that Ah would create monopolies, while guild traders are more fair.. there you go. guild traders are NOT a defense against monopolies, in some ways - they make those even easier.

all I can say is... I'm glad I stocked up on mats before priced got jacked up, so I'll still be able to decorate while we all wait out this latest craziness.

and btw? these monopolies? do NOT shop via TTC. they scan traders manually. if you rely on TTC, by the time you get to whatever listed deal you saw on a website, its been gone for hours. so yeah... monopolies on console very much exist.

idk · October 2018

Linaleah wrote: »

for anyone who claims that Ah would create monopolies, while guild traders are more fair.. there you go. guild traders are NOT a defense against monopolies, in some ways - they make those even easier.

There is no monopoly here. It is just supply and demand. It is plainly obvious that there is a big increase of crafting furnishings which increased the demand. It is rather empty to claim this is due to some conspiracy or monopoly when the reasons for the price spike is so obvious.

Sergykid · October 2018

we all have in the craft bag stacks and stacks of those mats. Who does ever buy them anyway? U can farm them urself anytime

El_Borracho · October 2018

Its the free market in action. Keep your communism out of my ESO!

Ufretin · October 2018

Jamdarius wrote: »

So it came to this like I thought it would,

All main trading guilds are buying out all furnishing mats and selling them for 10-20 times more due to Psijic Home release to all players, I call it <censored> move. GM's should do something so that certain players who have 2 much gold cannot dictate prices out of their ill will because it ruins players who do not have time or know how to earn gold, some players I know already stopped thinking about ...

Did you know there's another way to buy furniture? Without spending in-game money even? If you know what I'm talking about you're only one step away from realizing that your "free" house wasn't given to you quite as selflessly and generously by ZOS...

Jamdarius · October 2018

Danksta wrote: »

If you saw this coming why did you wait to buy mats when the prices skyrocketed? This is just simple supply and demand. Demand goes up, so do prices.

Sigh people really do not read do they... might as well close thread... who ever said i didn't?! I Surely did not say: "I DID NOT BUY MATS ANYWHERE". Ofc I had loads mats but after finishing Tel Galen and being close to finishing Amaya Lake Lodge I am pretty much with 300-500 mats left ...

Ufretin wrote: »

Jamdarius wrote: »

So it came to this like I thought it would,

All main trading guilds are buying out all furnishing mats and selling them for 10-20 times more due to Psijic Home release to all players, I call it <censored> move. GM's should do something so that certain players who have 2 much gold cannot dictate prices out of their ill will because it ruins players who do not have time or know how to earn gold, some players I know already stopped thinking about ...

Did you know there's another way to buy furniture? Without spending in-game money even? If you know what I'm talking about you're only one step away from realizing that your "free" house wasn't given to you quite as selflessly and generously by ZOS...

I happen to be weird guy who has to craft their own furnitures or buy them if they are achievement only. I will never touch crown store to buy even 1 simple flower for 50 crowns.

idk wrote: »

Linaleah wrote: »

for anyone who claims that Ah would create monopolies, while guild traders are more fair.. there you go. guild traders are NOT a defense against monopolies, in some ways - they make those even easier.

There is no monopoly here. It is just supply and demand. It is plainly obvious that there is a big increase of crafting furnishings which increased the demand. It is rather empty to claim this is due to some conspiracy or monopoly when the reasons for the price spike is so obvious.

yes and it is just an accident mainstream trading guild empires that occupy Deshaan, Craglorn, etc, are the only ones left with mats

)

Jayman1000 wrote: »

Jamdarius wrote: »

So it came to this like I thought it would,

All main trading guilds are buying out all furnishing mats and selling them for 10-20 times more due to Psijic Home release to all players, I call it <censored> move. GM's should do something so that certain players who have 2 much gold cannot dictate prices out of their ill will because it ruins players who do not have time or know how to earn gold, some players I know already stopped thinking about furnishing their homes when they saw prices of mats ... Regulus price before frree home 4-5 gold now 30-40 a piece heartwood 10g / piece now 200... Grats you have killed last thing I enjoyed in game... If you ask me we need new ideas for trading in this game cause 1 or 2 trading empires dictate prices for everyone and it is making game not healthy. I know I am whining and taking easy way of making gold (200k + from crafting daily writs weekly and some motif sale also around 200k weekly), but for sanity sake pls do something about this so that all players can make their own homes furnished...

Actually what I did was buy up and save 100's of thousands of heartwood, bast, ochre, alchemical resin, clean pelt and whatever that crap is called, everyday ever since the free villa was announced. I expected the prices to explode when so many players are awarded a free big mansion to play in.... Now im selling to the highest bidders and I gotta tell you I like that CA-CHING sound

But don't wait too long though, I suspect it will soon be over.

Seriously, this is the way supply and demand works. When there's a huge demand and players are willing to dish out insane amounts of cash for items they want do you expect us to just hand out the valuables for free? Of course not, we sell at the highest price possible. That's how the trading part of the game works.

What exactly do you expect ZOS to do about this? You want enforced fixed low prices? that will just make the matter even worse, stores will be even more empty, just like in soviet union.

If you had thought about this in a little advance then you could have bought these items for nothing too.

Again, people put words in my mouth as If I did not buy any mats at all in my life ... I suppose saying we have outdated and very unfair towards more casual players trading system in game is not enough... ZOS said we have 2 much gold in games many times before but it is mainly an issue caused by trading guilds which occupy limited trader slots, sure you can be in 5 guilds which gives you more than enough slots, but if we for example would also get a global auction house for every player but instead paying more tax for each sale instead of usual 7% I bet it would actually make the market and trading better.

Gandrhulf_Harbard · October 2018

therift wrote: »

Thank Stendarr consoles do not have add-ons that snitch to everyone the prices and availability of items across all guild traders, making it easy to snatch up all the cheap furnishing mats as you allege.

As for a 'global sales house'... imagine how easy it would be to corner the market on furnishing mats if all you had to do was visit one trader NPC rather than hundreds.

Global sales house system would be a disaster.

Oh not this lie again.

This is the ONLY game I have ever played that does NOT have a global auction house.

This is also the ONLY game I have ever played where it is actually possible to totally corner the market.

I have never once seen it work in a game with a global AH. It just isn't possible because EVERY seller has equal access to the Market.

This game makes it much harder to Sell AND slightly harder to Buy than with a global AH, and that is a recipe for price inflation.

All The Best

idk · October 2018

Ufretin wrote: »

Jamdarius wrote: »

So it came to this like I thought it would,

All main trading guilds are buying out all furnishing mats and selling them for 10-20 times more due to Psijic Home release to all players, I call it <censored> move. GM's should do something so that certain players who have 2 much gold cannot dictate prices out of their ill will because it ruins players who do not have time or know how to earn gold, some players I know already stopped thinking about ...

Did you know there's another way to buy furniture? Without spending in-game money even? If you know what I'm talking about you're only one step away from realizing that your "free" house wasn't given to you quite as selflessly and generously by ZOS...

Technically, and literally, Zos was generous in giving the homes. Of course they do have a monotized furnishings package for us that that does not take away that the home was free.

My Psijic home is as furnished as I care for it to be with Alinor and High Elf furnishings and it did not cost me a single crown.

Gandrhulf_Harbard · October 2018

El_Borracho wrote: »

Its the free market in action. Keep your communism out of my ESO!

No it isn't.

In a Free Market as I have an excess of Crafting Mats I could set up a shop and start selling.

In the Free Market if all "sales kiosks" are permanently in use, and there are still Sellers with goods to sell, more points of sale will be opened up - that doesn't happen here.

In a Free Market a seller is free to sell his wares without joining an organisation that skims from his or her profits - that isn't possible here.

Anyone who thinks ESO has a "free market" knows absolutely nothing about actual "free markets" and precious little about even grade-school economics.

All The Best

Jhalin · October 2018

Gandrhulf_Harbard wrote: »

El_Borracho wrote: »

Its the free market in action. Keep your communism out of my ESO!

No it isn't.

In a Free Market as I have an excess of Crafting Mats I could set up a shop and start selling.

In the Free Market if all "sales kiosks" are permanently in use, and there are still Sellers with goods to sell, more points of sale will be opened up - that doesn't happen here.

In a Free Market a seller is free to sell his wares without joining an organisation that skims from his or her profits - that isn't possible here.

Anyone who thinks ESO has a "free market" knows absolutely nothing about actual "free markets" and precious little about even grade-school economics.

All The Best

Dude you can ask in zone for a trade guild and get one within 10 minutes

It’s not exactly an exclusive club >.>

Nerdrage9000 · October 2018

I LOVE GOLLLLLD

El_Borracho · October 2018

Gandrhulf_Harbard wrote: »

El_Borracho wrote: »

Its the free market in action. Keep your communism out of my ESO!

No it isn't.

In a Free Market as I have an excess of Crafting Mats I could set up a shop and start selling.

In the Free Market if all "sales kiosks" are permanently in use, and there are still Sellers with goods to sell, more points of sale will be opened up - that doesn't happen here.

In a Free Market a seller is free to sell his wares without joining an organisation that skims from his or her profits - that isn't possible here.

Anyone who thinks ESO has a "free market" knows absolutely nothing about actual "free markets" and precious little about even grade-school economics.

All The Best

Yes, if only there were a way to directly sell your wares directly to players, at prices that are "fair," as the guild prices are "unfair." Where the players and not the evil corporate guild overlords set the prices. A utopia where you could let the oppressed consumer access the desperately needed crafting mats without paying a guild surcharge. One where you could advertise your excess of crafting mats directly to the consumer. Perhaps one where you could link exactly what you want to sell, that would be visible for every player in every zone in the game...

shaielzafine · October 2018

I don't see a problem with furniture mat prices going higher. The prices of things in the stores go up and down based on supply and demand, that's how it works. Are you suggesting that ZOS should monitor the prices for everything in the guild store, and that things should be at the same low, low price to make it available for everyone? LOL. Housing is meant to be a gold sink for players, it's another form of end game activity for people that are interested in it. You have 3 options to furnish your house: buy from the crown store, make your own furniture, or buy from the traders with in game gold. And if you're making your own furniture as opposed to buying already crafted ones, then you have the option of collecting materials as they spawn in the game. You don't have to have all the materials you want for 700 pieces of furniture, right this minute. That's not how farming works. A node doesn't spawn 1000 mundane runes lol. I think it's great that if you have the gold in game, then you can just buy the materials other people have farmed. You can also save yourself the trouble and just get the pieces you want already crafted. They said ahead of time that we were getting the free house, so naturally people in trading guilds stocked up.

xilfxlegion · October 2018

Jamdarius wrote: »

So it came to this like I thought it would,

All main trading guilds are buying out all furnishing mats and selling them for 10-20 times more due to Psijic Home release to all players, I call it <censored> move. GM's should do something so that certain players who have 2 much gold cannot dictate prices out of their ill will because it ruins players who do not have time or know how to earn gold, some players I know already stopped thinking about furnishing their homes when they saw prices of mats ... Regulus price before frree home 4-5 gold now 30-40 a piece heartwood 10g / piece now 200... Grats you have killed last thing I enjoyed in game... If you ask me we need new ideas for trading in this game cause 1 or 2 trading empires dictate prices for everyone and it is making game not healthy. I know I am whining and taking easy way of making gold (200k + from crafting daily writs weekly and some motif sale also around 200k weekly), but for sanity sake pls do something about this so that all players can make their own homes furnished...

i dont think you understand what monopoly means.

EvilCroc · October 2018

L2P issues.

Sevalaricgirl · October 2018

NupidStoob wrote: »

Maybe some will start using crowns to furnish which was ZoS's goal anyways.

And the people who do are paying for all the people who play the game for free. Be thankful they are buying crowns so the masses can play the game without a subscription.

eso_nya · October 2018

Thank you all for pointing out i can drop some for me useless trash mats for insane prices!

And thank you very much, little chinese farmer guy who always leaves those mats behind for me.

Wreuntzylla · October 2018

xilfxlegion wrote: »

Jamdarius wrote: »

So it came to this like I thought it would,

All main trading guilds are buying out all furnishing mats and selling them for 10-20 times more due to Psijic Home release to all players, I call it <censored> move. GM's should do something so that certain players who have 2 much gold cannot dictate prices out of their ill will because it ruins players who do not have time or know how to earn gold, some players I know already stopped thinking about furnishing their homes when they saw prices of mats ... Regulus price before frree home 4-5 gold now 30-40 a piece heartwood 10g / piece now 200... Grats you have killed last thing I enjoyed in game... If you ask me we need new ideas for trading in this game cause 1 or 2 trading empires dictate prices for everyone and it is making game not healthy. I know I am whining and taking easy way of making gold (200k + from crafting daily writs weekly and some motif sale also around 200k weekly), but for sanity sake pls do something about this so that all players can make their own homes furnished...

i dont think you understand what monopoly means.

So he didn't say oligopoly. Not exactly a widely known term.

Everyone knows what he means.

therift · October 2018

Cryptical wrote: »

therift wrote: »

Thank Stendarr consoles do not have add-ons that snitch to everyone the prices and availability of items across all guild traders, making it easy to snatch up all the cheap furnishing mats as you allege.

As for a 'global sales house'... imagine how easy it would be to corner the market on furnishing mats if all you had to do was visit one trader NPC rather than hundreds.

Global sales house system would be a disaster.

Actually, opening up a way for everyone to list a few things would put so many items on the market that none could manipulate it. First, you must understand that by the numbers less than 10% of the player base has a guild trader. For every 1 person in a trader guild, there are 9 people just running around slinging their cheese to the merchant or zone chat.

What you fear has already been attempted, and failed...

Last summer a bunch of wealthy players got together and attempted that procedure of buying up all of an item and jacking up the price. They tried it with aetherial dust. They hit every guild trader and bought up every pinch of dust there was at around 65k to 75k, and kept at it for about a month. Then they listed the dust at 90k to 110k. The dust sat and expired, because it made no economic sense to use it for mythic xp potions priced at 40k and up. They failed.

The rareness of dust meant they had it easy when trying to scoop it all up. Making this move with anything that is easily farmed means they could not keep up with the full population’s farming action.

Even more impactful is that the infrequent need for dust meant their few number of listings could keep up with the small demand. If they tried it with tempers or other common mats, they could not fill their listings fast enough to keep up.

A global sales floor, where everyone could list a few things, would bring the excluded 90% into the market.

Completely disagree.

A central sales hub, bringing in the 'other 90%' of potential sellers (a figure I could dispute at length) would have some of the effect you allege - more listings - and would have the corollary effect of reducing inputs, since shopping via your central internet store would reduce the need to farm among all but the hardcore farmers... who could then begin creeping sales prices up.

As I said, console players are fortunate not to have add-ons that enable flippers to gobble up the lower priced goods with minimal effort.

On your claim that the market couldn't be manipulated... that's exactly what's happening to desktop right now because your add-ons make it easy. Sorry for your luck.

But I understand how those add-on crutches become indispensable.

idk · October 2018

Wreuntzylla wrote: »

xilfxlegion wrote: »

Jamdarius wrote: »

So it came to this like I thought it would,

All main trading guilds are buying out all furnishing mats and selling them for 10-20 times more due to Psijic Home release to all players, I call it <censored> move. GM's should do something so that certain players who have 2 much gold cannot dictate prices out of their ill will because it ruins players who do not have time or know how to earn gold, some players I know already stopped thinking about furnishing their homes when they saw prices of mats ... Regulus price before frree home 4-5 gold now 30-40 a piece heartwood 10g / piece now 200... Grats you have killed last thing I enjoyed in game... If you ask me we need new ideas for trading in this game cause 1 or 2 trading empires dictate prices for everyone and it is making game not healthy. I know I am whining and taking easy way of making gold (200k + from crafting daily writs weekly and some motif sale also around 200k weekly), but for sanity sake pls do something about this so that all players can make their own homes furnished...

i dont think you understand what monopoly means.

So he didn't say oligopoly. Not exactly a widely known term.

Everyone knows what he means.

And he is still incorrect regardless if he had used the correct term for what he is trying to say.

OP is really saying some were smart to prepare while others are paying for it now that the demand for materials has significantly spiked. They are just trying to paint it a different color for whatever personal reason they have.

kargen27 · October 2018

There are some winners and some losers (gold wise) in this housing market we have now. Many players saw that a free house would generate a lot of interest in housing from players that previously weren't really into housing. Throw that in with the players that are enthusiastic about housing would probably jump right in with decorating this huge house. So they took a chance and started hording materials for housing. Those players are doing good now selling the materials. Some players thought hey new people in housing probably they won't be able to make their own furniture so I am going to craft a bunch of furniture and sell that. The people I know who tried that are not doing so well yet. It seems for now they bet wrong. I've been sitting on a whole bunch of furnishing recipes and started putting those up for sale about two weeks ago. I listed a few at what I thought was outrageous prices and they sold within a few hours. So I've jacked my prices up quite a bit beyond what until now would have been stupid high pricing. They are still selling. My guess is I have only a short window to take advantage of these prices so I am taking full advantage.

Anything introduced into the game affects the market one way or another. People who play the game mostly for the trading (and there are such people) try and figure out how the markets are going to change and act accordingly before the event takes place. They then get maybe two weeks of time if they guessed right to benefit from their risk. Just the way things work. Right now there is a huge demand for housing materials. We can't/won't know if the materials were bought up by people flipping the materials or using the materials. We just know all the cheap ones sold quick. We also don't know if the high priced ones we see now were flipped or were just sitting in crafting bags going unused. Either way the market justifies the price for now. Prices will drop soon enough though as demand drops. Almost always does.

As an aside the fragments for the jelly pet can net a lot of gold right now as players scramble to get that pet.

BretonMage · October 2018

richo262 wrote: »

Or, it is because demand is high and supply is low.
Or, it is because people are buying up all the cheap ones to use, and the only ones remaining were those that were priced high?
Or, you could just farm the mats yourself?

[snip]

[Edit to remove politics.]

No, supply is not low. If you search on TTC, there are actually hundreds of pages of listings for these materials (I saw over 130 pages of listings yesterday for mundane runes iirc). Prices are being kept artificially high. Of course, we can just refuse to play this silly game of hype and just wait for prices to go down again.