3 ms·
> Those Garmins will be worth 0 in 10 years, or 30. Sure, but even if I replace my Garmin every 5 years for the next 100 years, I'll only have spent $4000, so
by michaelt 2y ago
> Those Garmins will be worth 0 in 10 years, or 30.
Sure, but even if I replace my Garmin every 5 years for the next 100 years, I'll only have spent $4000, so I'll still be $6000 better off.
Or if I put that $10,000 into an investment that returns 2% above inflation? I can have a new Garmin every year and 100 years later, I'll also still have $10,000
And if I'm needing a new Garmin every year I'm either very careless or very passionate about having the latest gadgets. So will that $10k watch really be my last ever watch? Almost certainly not.
> Passions should not be primarily measured in TCO or returns
Yes, I agree - as I said in the first paragraph of my post. If you're buying a luxury watch because you like luxury watches, there's nothing wrong with that.
But pretending a $10k watch saves you money is just wishful thinking.