See, 6 or 7 years is TOTALLY unacceptable to me. The "consumers are so insanely price-conscious" comment cracks me up. Prices are still way too high.
But they're not. Everything you're seeing is a reflection of how we consumers have driven industry. You can bang your head up against the way to have everything the way you want it, paying only what you personally want to pay for it, but it's irrational to expect industry to kowtow to such a one-sided view.
And, one of the reasons so many people got into financial trouble in recent years is because they weren't price conscious.
No. This is very very wrong. People got into financial trouble in recent years because they spent more money than they had.
The answer isn't for prices to magically drop, but rather for people to stop buying things that they cannot afford.
American consumers exhibit a number of troubling issues. Many of them blindly and carelessly consume consume consume without regard to the impact of their consumption has on their own finances, on the environment, or on the world around them. There's much too much of a maniacal focus on our own personal gratification.
And its often pretty myopic. If prices magically drop, as you seem to want, guess where that money comes from: Your salary; your retirement investments; your town's tax base; etc. If you think the prices for things are categorically "too high" then first make sure you're okay with someone thinking that about how much you're paid for what you do, and for what you have invested. Make sure that you're ready to have that percentage of your assets magically vanish. I'm sure you can see that that's going to just be a wash: If everyone charged less, everyone would have less, so you'd be just as far from affording everything you want as you are now. It's just a numbers game.
What you do have control over is what you consume versus what you
live without.
They wanted, they bought, without regard with value and what they could afford.
Well you got it half-right.
