I'm fairly certain pausing does work for collectibles on VF as well. I remember reading a thread in which someone said they used that feature as a way to earn quick money in a first gen family. They would pause and place one person on the collectible, second peep near the collectible. As soon as they un-paused the game, they placed the second person on the collectible and got credit for it twice. I know it worked because I tried it just after reading it. That was back before I upgraded to .05 though, so I can't say that it hasn't changed since then.
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