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Effectiveness of Housing Price Controls


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1 hour ago, DLimit said:

Would be great if people were prohibited from trading properties, to begin with, as a /whole/.

This I can agree with, in real life you you very rarely see properties traded. 

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The problem for me in the market is that really a lot of this seems to just be rooted on the IC/OOC disconnect represented in the housing world. It´s the exception rather than the rule that people are buying a property through the lens of investing in a home, or taking their career and assets into account. You have people whose IC occupation is say for example being a bartender, a waiter or a cashier, who are RPing "making investments in real estate" and flipping houses to justify their IC wealth. Not to say this doesn't happen IRL, but it feels kinda off when every other minimum wage employee is suddenly also their own real estate agent. The issue here is that any real solution to this would come through Property Management or RPQM mediating, and I don't really like that either because at that point we'd never get anything done.

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Posted (edited)
17 hours ago, DLimit said:

Would be great if people were prohibited from trading properties, to begin with, as a /whole/.

 

 

17 hours ago, eTaylor said:

Basically this, houses should serve a roleplay purpose and not be some sort of economic meta meme reserved for people with unbalanced disposable time. How many houses are even sold through in character means? The whole thing is more out-of-character than in-character. 

That is already the case. This is my issue here don't take this personal because you aren't the first guys I seen do this. People have opinions on these rules but aren't even aware of the current rules I had this same issue when people were complaining in general discussion about dealerships making too much money back when I ran one and people were commented who didn't know what they were talking about. Complaining about things there were already rules for.
 

trading properties.png

 

  

13 hours ago, Koko said:

The problem for me in the market is that really a lot of this seems to just be rooted on the IC/OOC disconnect represented in the housing world. It´s the exception rather than the rule that people are buying a property through the lens of investing in a home, or taking their career and assets into account. You have people whose IC occupation is say for example being a bartender, a waiter or a cashier, who are RPing "making investments in real estate" and flipping houses to justify their IC wealth. Not to say this doesn't happen IRL, but it feels kinda off when every other minimum wage employee is suddenly also their own real estate agent. The issue here is that any real solution to this would come through Property Management or RPQM mediating, and I don't really like that either because at that point we'd never get anything done.

Excellent take. This is a RP server and I've seen less bureaucracy in the Government of a small town. 

Edited by Power
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OOC restrictions like this are bad, they don't in anyway help make the server feel like America.

 

America is a capitalist country and it's economy based on supply vs demand. That's exactly how we should operate.

 

Meaning, if someone wants to sell a house for 100M and someone is silly enough to pay that, let them.

 

There will be tears when they lose it to inevitable inactivity at some point, but hey, that's life.

Also introduce a monthly total wealth tax (only needs to be small), That will help the economy far more than you'd imagine.

Edited by Alyssa McCarthy
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1 hour ago, Alyssa McCarthy said:

OOC restrictions like this are bad, they don't in anyway help make the server feel like America.

 

America is a capitalist country and it's economy based on supply vs demand. That's exactly how we should operate.

 

Meaning, if someone wants to sell a house for 100M and someone is silly enough to pay that, let them.

 

There will be tears when they lose it to inevitable inactivity at some point, but hey, that's life.

Also introduce a monthly total wealth tax (only needs to be small), That will help the economy far more than you'd imagine.

Hard pass. It’s not as simple as supply and demand. There are huge economic factors that affect supply and demand in the real world that we simply can’t recreate here.  Not to mention the US isn’t a 100% capitalism based economy. Taxes, regulations and subsidization pull from socialism economy principles and as such by most standards the US is regarded as a mixed economy. So technically what the server is doing is closer to America than you think. 

Edited by Brofessor
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None of that is relevant. 

If I want to sell a house in the US for 100M, I'm welcome to try.

If I want to sell a house in GTA:W for 100M, I'm also welcome to try, I just have to wait 6 months.

The only real discussion point is the relevance of the OOC enforced waiting period, which I think is a completely over-engineered, elongated and unnecessary solution.

Edited by Alyssa McCarthy
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33 minutes ago, Alyssa McCarthy said:

None of that is relevant. 

If I want to sell a house in the US for 100M, I'm welcome to try.

If I want to sell a house in GTA:W for 100M, I'm also welcome to try, I just have to wait 6 months.

The only real discussion point is the relevance of the OOC enforced waiting period, which I think is a completely over-engineered, elongated and unnecessary solution.

Of course it’s relevant lol. There are factors that keep people from paying stupid prices IRL. Jobs, income, potential loss of income, bank rates, expenses, etc. None of the problems exist here. It’s absolutely relevant in terms of what unchecked spending would do to this housing market. It’s simple economics.

 

You want operate like an American economy? Fine let’s also institute an income tax based off how much you make, utilities, property taxes, inheritance taxes, death taxes and more. Do you want all that or just the ability to sell your house for whatever you want? An American economy keeps people’s spending in check with taxes and regulation. It’s not the free market everyone assumes it is. The average American thinks before they buy something so expensive, mostly because the average American can’t afford a house outright.
 

People don’t think here, they just spend whatever because it doesn’t affect them at all. No regulation at all would surely ruin our economy more than it already has been. 

Edited by Brofessor
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The only thing which stops you affording property RL are your finances. The same applies here.


Obviously finances are extremely simple here, though for the record, I've always been in favor of more thought out economy.

It's irrelevant in the sense that what your describing doesn't impact a cap on what a seller can theoretically ask for a house. (which is what the OOC limitations are).

 

What you describe impacts the available cashflow & finances of prospective buyers. - and there is a very distinct difference.

 

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Posted (edited)
40 minutes ago, Alyssa McCarthy said:

If I want to sell a house in GTA:W for 100M, I'm also welcome to try, I just have to wait 6 months.


The only real discussion point is the relevance of the OOC enforced waiting period, which I think is a completely over-engineered, elongated and unnecessary solution.


THANK YOU. No one yet that has disagreed with me has been able to to answer this question for me. They keep saying if we remove price caps prices would go parabolic. So why haven't the Mirror Park houses which are probably the most desirable houses available for third party purchase on the server been selling after 6 months not been selling for 10, 20+ million. Anyone that disagrees please answer this for me. 

Edited by Power
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say what u will about houses and prices and requests etc.

 

but since getting my requested house i went from 3m in the bank to 300k... so it works for getting rid of wealth.

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