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MM.. Excellent post.. Deflation… falling prices for goods and services, and rent and houses, etc
It becomes about survival. You have given an example of now selling a product @ $275 a month that you previously charged $800 a month for.
Is there an actual cost to YOU for this or were you just getting as much as the market would bear ?
Was it really worth $800 a month ??
The world is full of products and services that are HIGHLY overpriced, and it seems that only recently people are waking up to this fact.
If you were hungry for business, you might accept $100 a month if faced with the choice of $100 or $0
Japan is going on 20 years,,, America may be in for a big surprise…. http://news.bbc.co.uk/2/hi/business/7955931.stm
