There's an interesting psychological dynamic here that's probably relevant for other high visibility purchases, too. I'm thinking cars in particular. There's a

There's an interesting psychological dynamic here that's probably relevant for other high visibility purchases, too. I'm thinking cars in particular. There's a subset of us that under-spends relative to what we could own if we really wanted the greatest wheels on earth. It's not so much that we're in constant dread of an engine failure or crash that would turn a $90K Tesla or BMW into scrap metal. But we get most of what we want with Toyotas and Fords. And we're spared the stress of worrying about the well-being of one more precious element in our lives. (Houses, spouses and little kids create plenty of those stresses as is.)