If the new stuff gets more expensive second hand stuff that has some useful life left will become more expensive. If a new washing machine is €5000 a second ha

If the new stuff gets more expensive second hand stuff that has some useful life left will become more expensive. If a new washing machine is €5000 a second hand washing machine with a year of useful life left will be €500 instead of €50. These things are not unrelated. If iPhones cost multiple monthly salaries people will substitute with cheaper options and the supply of high quality second hand phones will dry up.