House Auctions

As some may know, house auctions is now implemented. For those who didn't know, well know you do. However there is a major flaw with the bidding system that need to be addressed. It is great that player's kinah will be reduced by fixed rate in the next update but still doubtful it will fix this problem.

A single character can only hold up to the limit of 10bil kinah and the highest house auction bid is 9.99bil. Whoever is the first person to place this maximum kinah bid (9.999,999,999) basically ensures their guarantee on a property. This knocks out the chance for any further bids since to outbid, you'll need 10,000,099,999 kinah minimum for the next bid, an amount that cannot be hold on a single char.

Even if our overall kinah was reduced, it is still possible to gather 10bil on one character and just straight bid for a palace for example and you'll guarantee win it, which defeats the purpose of an "auction".
So can something be done about this? Raise the limit of amount of kinah one character can hold? Therefore if they want to place an all out bid, it is actually worth something and not something they gained from the broker exploit....

 

How about Toll/Credits for palaces, and kinah for all other properties? There are hundreds of everything else so even if 1 is gone, there is still plenty

 

Problem is mainly on Palace which is the most valuable property available. It is very limited in numbers only having 4 in Oriel/Pernon, meaning 8 per server. 10bil essentially holds no value to guarantee win it for those people who exploited the broker for kinah (you know who you are) compared to people who properly earn it.

The other properties doesn't matter as much since there is wide number of estates and mansions available to rest of the server. If someone wants to pay 10bil for a Estate, then it is their choice to overpay for it since there is another Estate just right next door.

 

Do you remember the event where people bought gms for a price for 1-2 hours? That biddings were arranged over forums and you could price as much as you want.
I would like to suggest that they implement it on forums and that everyone bids so if f.e. there are 20 houses available they take 20 top offers and they give houses to them. I was also thinking about it the other day but it slipped off my mind. Thanks for pointing it up, you really have a big point here.

 

There is a problem with that too xd Broker exploiters have multiple accounts/characters with 10b just waiting so they would get it anyway. The concept is theoretically possible since Alente can assign ownership of a house to people using a gm command without using the bidding system.

 

Broker exploiters? i assume you talk about lumiel because in siel there was no such thing, people worked really hard for their kinah, which btw now is gonna be removed without a single compensation.

 

+1 for this, I was lately gathering kinah because people forgot how valuable it is and my trades were going well, people didn't know and were giving huge amount of kinah for things that weren't worthy the half price, but ok they can do whatever they want it's their server, it's on us to decide wheter we want to play or not.

If it's the situation how you call it, "broker exploiting", so what? people with talent for trades got some amount of money and that's it. Why shouldn't there be 2-3 houses for 1 person, if the person wants to waste money on having 3, let him have it.

 

There are too many players here who might want those houses. Not because your rich and can buy anything, but how about the others too?

 

Was just about to say that, where is the fairness when 1 guy hoards houses and most of the other people can't get one. The funny thing about "wasting money" is that compared to retail, people here drown in kinah. If it is to be on a first come first serve basis, after the houses get bought up in a week or 2, there will be no houses on sale like...ever again. Everybody can afford the upkeep here and all the people who didn't get a chance to get one will get nothing

 

omg smartik,another thread with greedy merchants!:d...this is not even fair ,one people with many character or accounts to buy ten houses just cuze have kinah and exploit this thing to make more kinah...is not fair...in this game are too many greedy people...maybe is better staff do something about this,to stop this greedy people ho exploit everything in game!OMFG IF YOU DO THAT HERE BUT IN REAL LIFE WHAT HELL YOU DO A???

 

This are all new to me please continue your discussions glad to be hearing about this since its one of the reasons I came back

 

why you are a real estate agent?lol

 

Yes, I'm referring to Lumiel.
My advice to the kinah reduction is you could always plan ahead and purchase items that have resale value (or high demand) as an investment. Your overall kinah will be reduced therefore when it gets percentage cut, you don't get lose as much. Then you could resell those particular items to earn back kinah.

That's the very problem with this. First will be the Palace that will be first come first serve basis, then this will spread to estates due to the low supply of palaces to be contested. Estates will also become a first come first serve due to high demand. And the chain follows on until eventually even Mansions could bid for like 9,999,999,999 since some people have that much "spare chars" to hold kinah for them. Sure there are plenty of houses around but what if when every single house is sold. The resale of these houses are either never (since we can afford the upkeep) or they'll sell extremely high due to limited supply.

 

They have to sort out what it is they want their kinah range to be like on this server. They already decided to reduce the amount and reduce the rates with the next update. The next step would be adjusting the upkeep price. If you want to hoard houses, it should cost you quite a bit to do so. If you can't keep up with 8 chars on 3 accounts then well, you will just have to let them go so someone else can buy them won't you xd

 

IMO the kinah holding limit should be increased. Seems rather bad to reduce something that people have been working on for years before the housing update, just because there's houses for sale now. Kinah limit wouldn't really matter as much, I can't be the only person with a fee extra accounts to store items, kinah among them. Only thing that would change would be the amount of characters I'd need, no one would lose anything..

Then again, it's my opinion, and no one asked for it, soo yea..

 

I also think kinah caps are kinda stupid, so is sale to npc cap. I would manage these things quite differently. The issue on this server is that high drop rate always lead to high sales to npc, which in turn created massive amounts of kinah people couldnt control (same with direct kinah drops). The thing is nobody can realistically spend that much kinah on stuff from npcs and the amount of kinah just keeps piling up beyond what people are capable of ever spending.

A solution to this would be lowering kinah rates (still a little higher than retail maybe so things can be bought easily, but not so much that you have more than you could ever spend) and reducing the amount you get for selling to npc (through price levels and taxes which are global modifiers, this is compensated by the crazy increase in drop rate so yes you get gear easily but no, it does not generate ridiculous amounts of kinah).

With this, kinah gains its value back and there is no insane need to cap it. On top of this, housing will become a continuous kinah drainer which can be used to regulate kinah levels on the servers

 

You could also put up something in the broker for 9+ billion. Then go on your other character and buy it. Go back on the first character and it will have the money waiting for you which you don't collect till after the update.
You could also mail 10bil to yourself and don't collect it till after the update.
There are probably many other places to keep your money secured

(Personally I hope they delete all mail and all broker transactions)

I still think the best option for Gamez is to make the housing system auction based on toll.
Starting Bids:
- Houses: 250 toll or 250 "Housing Credits" (suggestion: can be purchased from the creditshop for 1toll=1housingcredit and non-vip tradeable?)
- Mansions: 500
- Estates: 1,000
- Palaces: 6,000
Minimum Incremental Bid: 10% (eg. 250, 275 303 etc but you can bid more than minimum also)

Maintenance Fee (per week)
- Houses: 100 toll in credit shop for "House Maintenance Ticket"
- Mansions: 250 toll for "Mansion Maintenance Ticket"
- Estates: 500 for "Estate Maintenance Ticket"
- Palaces: 1000 for "Palace Maintenance Ticket"
Suggestion: These "Housing Maintenance Tickets" can be purchased from creditshop and non-vip tradeable?
16. If the maintenance fee is not paid, 1st and 2nd warnings are given. If the house maintenance fee is not paid over 2 weeks, ownership is revoked and the house is listed for auction. Some of the house's cost is refunded to the owner.

 

Think your prices are way too high. Besides, they need a kinah drainer and they don't wanna turn this into an item maller/forced voting system. People would just go elsewhere where they can get housing easily. Voting is bugged and annoying as it is.

 

before i read like 10+ pages on this.

can i ask few simple questions?

how to start this house auction thing?
how can i participate in this so called auctions?

greedy and dedicated ppl Roflmao!
its pretty boring to handle 10+ accounts and multivote them LoL (being sarcastic)
i have no evidence tho, but its quite obvious.. but u know ppl just ignore it

 

You first need to acquire a studio if you haven't done so. The starting quest npc is in Sanctum/Pandae marked by a navy blue quest icon.
To bid for the house auctions, you either talk to the auctioneer npc in oriel/pernon (marked by light blue icon, similar to the broker icon) OR click on the auction signs outside any unsold house.