Seven Things That Are Actually Getting Cheaper
It seems like just about everything costs more than it used to. And prices for everything from coffee and bacon, to rent, health care, and used cars have hit all-time highs. But according to "Time" magazine, here are seven things that are actually getting cheaper.
#1.) Pools. Sales of in-ground pools have dropped 75% since 2004. And it's caused what "The Wall Street Journal" called, quote, "one of the most dramatic discounting eras ever seen." If you're in the market, most companies are offering big discounts, and throwing in extra stuff for free.
#2.) IKEA Products. By cutting the cost of materials, transportation, design, production, and marketing, IKEA is lowering prices on everything by two to three percent this year. And they're also doing the same thing NEXT year.
#3.) Volkswagens. Most cars are getting more expensive, but in the last two years, Volkswagen has lowered the base price of both the Jetta and the Passat. Last year, they dropped the price of the Jetta by about $1,700 to $15,995. And the 2012 Passat starts at $19,995, which is $7,000 cheaper than the 2011 model.
#4.) Real Estate. Homeowners aren't happy about this one, but it's great if you're planning to buy. In the last few years, housing prices have decreased by one-third, which is even more than they did during the Great Depression.
#5.) Solar Panels. 66% more Americans had solar panels installed in the first quarter of 2011 than in 2010. And it's partly because the price of solar panel equipment has dropped 15% over the last year.
#6.) 3-D Televisions. Last July, a 50-inch 3-D television cost about $900 more than a regular 50-inch TV did. But right now, the 3-D version is about $400 more.
#7.) Going Into Space. A company called SpaceX is developing new rockets that will make space travel one-third to one-half cheaper. But it'll still cost about $100,000 per person. So...start saving now?