Pure Gold Posted May 28, 2020 Report Posted May 28, 2020 I came into town today to see some apartment complexes were finished. I went to check the prices of the apartments and they are insane. Any idea what’s up with them? At this poimt they’re not even for sale. Will they be auctioned?
alexalex303 Posted May 28, 2020 Report Posted May 28, 2020 The prices are only insane for some. As far as I know more than 20 apartments were bought, and that was on the spot. All of them will be sold out by the end of the day. I think you're underestimating how much money there is in circulation.
Pure Gold Posted May 28, 2020 Author Report Posted May 28, 2020 Yea maybe, thing is I see 3 and 4g houses going for that price. Houses, not apartments. That’s why I thought they were insane
Copperhorse Posted May 28, 2020 Report Posted May 28, 2020 4 minutes ago, alexalex303 said: The prices are only insane for some. As far as I know more than 20 apartments were bought, and that was on the spot. All of them will be sold out by the end of the day. I think you're underestimating how much money there is in circulation. I think you're over estimating how much money there is in circulation. There's no chance they're all bought out at the end of the day. There's like 6 complexes each with 50 apartments. I don't think there's 650 million in circulation to be spent on apartments. 1
Pegasus_ Posted May 28, 2020 Report Posted May 28, 2020 They'll eventually go down in price, dropping to 10% of the current value as it happened with the housing boom in December.
Flucifial Posted May 28, 2020 Report Posted May 28, 2020 I'ma just wait til people rent them out and just rent one out cuz if they the same price as a 3g fuck that lmao
Flucifial Posted May 30, 2020 Report Posted May 30, 2020 I'll never understand what happened to the real estate market. It's fucked.
ChhetriSau Posted May 31, 2020 Report Posted May 31, 2020 6 hours ago, Flucifial said: I'll never understand what happened to the real estate market. It's fucked. It will drop to 1 million or even less i guess. It's already dropped to 1.6 mil haha
Osvaldon Posted May 31, 2020 Report Posted May 31, 2020 All new properties are sold using the reverse auction method, once an apartment is created, it costs 10 times (1000%) it's original price, but the price gradually drops until 5 OOC days later it reaches 100% and stops, which means that if an apartment costs 2.5M at the start, it will only cost 250K after 5 OOC days. This system allows players to determine the prices of apartments rather than the developers setting a low price and players rushing to be the first ones to buy the properties. This system has been used for houses and islands for a long time now, so it should not be anything new. Hopefully, the apartment system will solve the lack of housing and reduce the prices of individual houses so more players are able to own a home. 1
Flucifial Posted May 31, 2020 Report Posted May 31, 2020 14 hours ago, Osvaldon said: All new properties are sold using the reverse auction method, once an apartment is created, it costs 10 times (1000%) it's original price, but the price gradually drops until 5 OOC days later it reaches 100% and stops, which means that if an apartment costs 2.5M at the start, it will only cost 250K after 5 OOC days. This system allows players to determine the prices of apartments rather than the developers setting a low price and players rushing to be the first ones to buy the properties. This system has been used for houses and islands for a long time now, so it should not be anything new. Hopefully, the apartment system will solve the lack of housing and reduce the prices of individual houses so more players are able to own a home. (( Excuse me sir, but this is an IC section. I'm going to have to ask you to stop mixing! )) 1
