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True to some extent. Don't be afraid to to look around in EC though.
I picked up a pretty decent necro earring for 85 plat and have picked up under 100plat piece upgrades here and there.
There's still a pretty good spectrum. You'll find "newbie super twinks" (Sorry old jokes, we had a couple of twinks called that once) but you'll also find folks like me scratching thru levels & celebrating every piece we upgrade from our handmade raw silk.
On the flip side when you pick up a group in a real camp (like Upper Guk) you have a decent chance of getting the loot if you actually need it. You'll also stumble upon those cool high levelers who see you killing something. Look at your equipment and hand you upgrades they happen to have in their inventory and were going to sell to vendors anyways ;-)
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