The housing market has slowed considerably throughout the past year and prices have multiplied. Adding more properties would not be beneficial, because there's no need for this many plots. If plots were taken away, however, there'd actually be a demand for them. Right now, there's pretty much no demand for houses because Citizens own like 10. There's not exactly a good way to implement the reduction of houses though.
Idea 1: Players could sell the plot back to the server for a fair price.
Pros - players would get what they paid for the house and wouldn't lose any money in the investment. The server would own the home, so there would be more of a demand for houses owned by players, and the housing market may start up again when there's a demand.
Cons - the house would sit empty and vacant. There would be less of a sense of community.
Idea 2: Reduce the plot limit to 15 houses for normal players, 20 for realtors. There's no need for that many houses.
Pros - players would sell some plots, either to players to help the housing market thrive or to the server to create even more of a demand.
Cons - players may lose money on their investment because no one wants to buy their properties.
Idea 3: Remove as many regions as possible - apartments, houses, buildings, just anything to get rid of properties. Enforce a temporary "NO REGIONING" rule, even on islands, until there's clear, strict apartment guidelines. This includes regioning plots on islands - sorry island owners.
Pros - less regions = less lag from all these regions. There's over a thousand unrented apartments, there's just no need. I personally had 26 bunnyears plots regioned, thinking that this will help the housing market! I was wrong! The price inflated from 235k per plot to over 475k and real estate has stalled.
Cons - probably the least popular idea. Island owners wouldn't be able to make money, players wouldn't be able to make more apartments (less money for them). There's *very little demand* for plots, so players are just keeping them until they get an extremely high, overpriced offer from a desperate player just wanting their first house while people are bored with their 30 plots. Bad!
Idea 4: Make money pits. Add cool things for rich players to waste money on. My "Stuff for the Rich" ideas have been shot down in the past, but if you take a look at the "Inactivity" section on the forums you'll see that rich players are leaving because it. is. boring. once. you. have. a. lot. of. money. Yeah I'm greedy, I want access to buying cool things as a reward for earning an excess of cash. Mansions just aren't fun anymore when you can buy twenty (20) multimillion-dollar homes.
Pros - take less money out of the economy. Give richer players something to actually do and enjoy the time on the server, instead of logging on to save their plots.
Cons - "It's not fair for them to get to buy cool things!!!!! Greedy fools!!!!!!!!"
Overall, there needs to be less concentration on real estate on the server. Almost everyone tries to make money by buying, fixing up, and selling houses, and this just doesn't work if everyone does it.
I know these ideas suck, but something has to be done. I'm not speaking as a staff member here, or as an economy expert (I have no knowledge of anything related to finance, economics, whatever it's called, I just don't know anything about it, don't speak to me condescendingly because *I know these potential options are not ideal*). I'm speaking as a bored, rich player that has seen the real estate market die, player count literally halving since last summer, etc. etc.
TL;DR - There's something called supply & demand, and when there's too much of a supply there's no demand. If there's not enough supply, there's a demand. Do the math!! Get rid of some houses & some money, try to get a want for houses again. And I'm tired right now so don't mind the stupidness in this post.