Comment by consteval
11 days ago
> But: first, when you have more money you generally want to buy nicer stuff, and the bang-for-buck generally goes down.
This isn't necessarily a fact of human nature, this is just an extension of Greed.
There is an inflection point, where the price of a good is minimized whereas it's quality and lifespan is maximized. Such an inflection point is somewhat high - meaning it cannot be reached by poor people.
Sometimes people cannot be satisfied, and they will go well past the inflection point. Such behavior is, of course, completely optional and almost always self-destructive.
Sure, a Birkin might be pretty, but really any decently made leather bag will run circles around what you can find at Target. The Birkin isn't bought for quality.
> There is an inflection point, where the price of a good is minimized whereas it's quality and lifespan is maximized. Such an inflection point is somewhat high - meaning it cannot be reached by poor people.
You say that as if it's universally true of all goods.
Btw, finance is one way to transform cap-ex into op-ex. That's why we have mortgages and you can rent things.
> Sure, a Birkin might be pretty, but really any decently made leather bag will run circles around what you can find at Target. The Birkin isn't bought for quality.
That's why you don't buy a leather bag when you are poor and have your wits about you. Leather is expensive. Not just absolutely, but also per use of your bag.