Are audiophiles still out of their minds?

I'm with @wattsperchannel on this...@dracule1 comes off as whiny.  

I have no qualms if you want to put $70K in your retirement plan. I also don't mind if you want to spend $70K on cables; whatever blows your hair back.. 

To me, there is a clear difference here and this is not the same type of spend. One is an investment and the other is discretionary spend. Currently there's a pair of Nordost Valhalla 2's for sale here asking $14,340 ($35,850 original price.) I highly doubt audiophiles are in it for the investment...

Furthermore, who care about what people make on this thread. Be happy for those that have financial freedom as well as those working toward it. As much as I'm turned off by people that constantly brag about what they have which to me is a very 'new money' thing to do, I am equally or possibly even more so turned off by people that state "I don't have that type of money" or "I can't afford that." I find it off putting and a bad look.

And please...let's not start talking about what classes we took in high school as a means to somehow qualify our chops... 

asp307,

"Currently there’s a pair of Nordost Valhalla 2’s for sale here asking $14,340 ($35,850 original price.) "
Guess what...if this person is one of those special Nordost dealers and selling it for $14,340, he is still making a healthy profit. If this person bought it for the original list price, you know my opinion on that.

"As much as I’m turned off by people that constantly brag about what they have which to me is a very ’new money’ thing to do, I am equally or possibly even more so turned off by people that state "I don’t have that type of money" or "I can’t afford that." I find it off putting and a bad look."
Ok. Whatever blows your hair back.

"And please...let’s not start talking about what classes we took in high school as a means to somehow qualify our chops..."
Who ever talked about high school classes? From what I can tell, most people have college and post graduate degrees here. Are you saying these science and engineering degrees have absolutely no bearing on what qualifies someone to give there opinions?

"I’m with @wattsperchannel on this...@dracule1 comes off as whiny."
And you’re not? Get real.

"Currently there’s a pair of Nordost Valhalla 2’s for sale here asking $14,340 ($35,850 original price.) "
To which dracule1 replied,

"Guess what...if this person is one of those special Nordost dealers and selling it for $14,340, he is still making a healthy profit. If this person bought it for the original list price, you know my opinion on that."

"If" is the operative word here. Nobody pays retail. Hel-loo! And why the USED audiophile market is SO strong, particularly since the Big Short selling scandal. Geez, high end audiophile cables are probably the most recession proof audio product in the world. Much better than real estate or the stock? A clever fellow can actually make money buying and selling cables. Over here we can just borrow really expensive high end cables from the Cable Company at no charge. Kind of a no brainer, eh?

An ordinary man has no means of deliverance.

cheerios

"An ordinary man has no means of deliverance."
Au contraire, mon frère. 
You already mentioned the "used" route. Remember when "upgrade" didn't mean "flavor of the month" but the gradual building of a system over time? For some of us of an age, I started in high school, and built my system further while in college. I didn't really have much money to spend on gear, but it took priority over other things someone else might spend their disposable income on. When the SP-11 preamp came out in in the late '80s, I bought an SP-10 mk ii, which wasn't cheap, but to me, worth every dollar. By then, I had a decent job, but it was still real money to me. 
Some folks I know who have true wealth wouldn't spend a fraction of this on audio gear (maybe that's why they are wealthy, but they have different priorities). Others- some poor as church mice-- have killer systems, built over the years. (Yes, they had inside prices working in the industry, or spent judiciously, but were hardly "rich.").  
To me, the real answer to all of this is to do your own evaluations, find the bargains or overlooked pieces of gear on the used market and make your own decisions on what sounds "right" without following the herd. The DIY camp--which I really am not adept at because I lack vital skills--is where a lot of the action is. 

whart,

" To me, the real answer to all of this is to do your own evaluations, find the bargains or overlooked pieces of gear on the used market and make your own decisions on what sounds "right" without following the herd. The DIY camp--which I really am not adept at because I lack vital skills--is where a lot of the action is. "

You got that right. Look for overlooked pieces of gear, like vintage SS Japanese gear from the 80's and 70's.  Very affordable and sounds better than some of the most highly touted gear today.  Don't follow the herd and buy the most advertised gear, which is usually the most expensive.  And DIY is probably the best thing an audiophile can do for himself to get some of the best sound with the lowest cost, provided he has the time to learn.  DIY cable is the easiest thing to make and just as good or better than half of the cables costing thousands of dollars.