A price tag is flexible: dynamic (always fluctuating) and malleable (capable of being changed). Time and knowledge cause variances in what a person pays in relation to price. Thus your money can buy more than you may suppose if you you use time and financial intelligence to your advantage.
The same 2,000 sqaure foot house throughout time:
2003 $92,000 3 bedrooms, 1bath (HUD home)
2006 $160,000 6 bedrooms, 2 baths (remodeled)
2007 $130,000 6 bedrooms, 2 baths (bank owned)
House prices are dynamic (up and down), not stagnant. They change based on time. And the monthly payment fluctuates with time and finance options.
Two Tickets to a Utah Jazz game in 2012:
$22 (Playoffs)
$34 (upper bowl)
$156 (15th row)
A seat at a professional sports game is malleable. You can change the price to the same event by simply changing where you sit.
Two family's cost to feed family of eight in 2012:
$400 (coupons and food from scratch)
$900 (no coupons and prepared food)
The cost of food is malleable too. One family chooses healthy and slow cooking for a lower price.
The other chooses quick and not-so-healthy food for a much higher price.
Price tags are flexible, capable of being changed and subject to fluctuations based on time.
What service or product have you assumed could never be lowered?
Let me know of your most static price tag in the comments below.
(Photo courtesy Ambro)
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