Just a polite notice to fellow members of Timbervale and anyone else who reads this. Please take note of your prices when selling items, both on the AH and in Chestshops. Lately I have noticed people undercutting prices to frankly silly amounts. Not only does it hurt yourself since you are making items practically worthless, but you hurt the city as a whole since there are less funds to spread around for claiming plots, building materials, food, etc.
I'll give you some examples just to illustrate my point. A few weeks ago I started selling glass because there was none for sale other than by one person selling at 150r per piece and people were asking for large amounts of glass for their projects. Those who bought it off me were very happy at the price of 10r per piece or discounted to 600r per stack. In those couple of weeks I have sold about 70,000r worth of glass all at 10r... that is until other people started to notice my sales and undercut the price, now it is down to 5r and I am sure will be lower by the end of the week.
Another one that has got me worked up is iron. I've been selling it for 70-100r for ages and it sold ok. Recently though I decided that since I had 9 stacks of iron blocks in my chests, I would sell a bulk load at a discount so people would get a very good deal and would get some much need chest space back. The cheapest on the AH at the time was actually mine already at 75r so I put a load on at 50r to try and sell it quickly. Next day there were a load on at 45-48r, day after 30-45r and so on. I had no option but to reduce my prices even though I had sold 1000s of ingots at above 80r not long ago so I reduced all my ingots down to 25r. What do I find this morning? A certain somebody has put some on there at 22r. Now you know who you are... and you also know that we have discussed pricing before and you promised to not undercut fellow Timbervale members prices. Also, having checked the chestshops this certain someone now has iron ingots at 2.5r each. Are you having a laugh?! I might as well just stop selling anything and stop helping out where I can.
The only two options left at the moment are to stop selling glass and iron altogether or to match the prices in order to actually get stuff sold, both of which mean less funds for me and thus less for the city. I know this is a bit of a rant and someone will probably post along the lines of, "if someone wants to sell at a cheaper price just let them", but I just ask that you try and not undercut your fellow community members. *and breathe...*