About 30 years ago, a real estate developer friend of mine came back from a trip to Europe, and his wife showed me her beautiful $3,000 purse that they got there. Afterward I told him, “Geeze. You could have gotten a nice home theater for that much!” His response was that it was worth it because she really liked the purse.
It took me years to understand, and I finally found a way to explain it to people:
For the very rich, look at the price of all items you can buy and remove two or three zeroes from the price. So a $3,000 purse becomes $3 or $30.
So, would you rather have a true and rare designer purse for $3, or an off the shelf purse for three cents?
That’s what’s happening here.
I refuse to own a purse that costs more than the $$$ it’ll ever see. Originally mine cost a few more zeros than the $2 I paid for it at the church rummage sale. Brand new, leather, low numbered limited edition, designer, etc. which looks just like every other off the shelf $20 Walmart purse.
Come on, a purse is a purse. Granted some are plastic and some are leather but if you’ve seen one, you’ve seen them all. Would love to meet the original purchaser but they’d never understand they flushed down the toilet what others pay on their mortgage.
BTW, I didn’t purchase the purse because it was a limited edition. I didn’t even know until I got home, noticed the # and looked it up on the internet. That $2 investment should last 10 years.