> But because they charge a high price they seem more valuable, give higher utility to owners and are hence actually become "worth" the higher price I feel lik

> But because they charge a high price they seem more valuable, give higher utility to owners and are hence actually become "worth" the higher price I feel like you've never owned nice clothing before then. In every conceivable way, my $500 jacket is nicer than my $50 one. It's noticeably better quality of build, has lasted far longer, looks much better, and is absolutely much nicer. That being said, it is absolutely possible to spend $500 on clothing which is identical to $50 or $5 variants. That's why you need to do some research before buying. Luxury goods are not intrinsically bad deals. Probably my favorite purchase ever is a Briggs & Riley suitcase. I've been using it and abusing it for a decade and it still works perfectly.