Hi carp
"So, that's mainly why affordable hi-fi has largely disappeared."
I'm seeing the opposite.
I live in Vegas, and the affordable Hi-Fi is thriving. I talk to friends from other US cities and they see it flourishing as well. I've purchased a lot of it since 2004 to test vs HEA (from the Tuning end) and these products are great and for sure on par with the HE sonically. The last 4 years especially, the mass guys have caught up with the HEA recommended components.
When you have $100.00-300.00 receivers, integrated amps and low mass specialty amps competing with HEA components it's pretty much game over. The only thing really holding HEA together is the Appeal of something High End itself, it's not the performance.
Like I've been saying (others too) folks need to enjoy the ride watching a new order taking place in real time and just let it happen. Also folks need to invest their time into tuning in their systems and recordings. HEA is cool, but it is mostly "was cool" now. The decline is not going to reverse itself. Harry & J Gordon are gone and the new writers don't have the same charisma as even 10 years ago. Also, I've had friends of mine who are HEA store owners and they have been exploring how to either make a conversion to what is happening in today's market or contemplating retiring. There will always be a High End chapter but trying to tie it to the mainstream market is fading, and almost faded.
Personally I think it's a good thing. More people are into fine listen than ever before, and they're doing it affordably. That's a good thing.
Michael Green
www.michaelgreenaudio.net