How much are you worth ?


I know. I know. It's none of my business. Bear with me. I know people who have $200K in the bank & their system costs
100K. I've also seen people living in dumps listening to 50K systems. So please tell me. What is your limit? How far will you go? If someone has $100, how much does he/she have to spend on audio equipment before you'd tell him/her to cool it. An accountant once told me that pertaining to the States as a whole,up to 1/3 of your net worth can be spent on housing, 10% on transport (cars), 5% on furnishing, etc.
Wonder if there's an indicator for high-end audio.
ryllau
sd: in your analysis of the current state of highend audio, i think you attribute too much to perceived changes in our economic value system brought on by the now rapidly disappearing "techno-wealthy." there are a number of other variables that i believe are worthy of consideration to explain how the audio hobby has evolved to its present condition from the advent of "hifi." i'll highlight some of these, in no particular order:

> in the dawn of hifi, there were many fewer competitors in the entertainment market. radio was still a viable medium but was beginning to be eaten up by television. if you wanted to see a movie, you went to the theater or drivein. games were mechanical, big and clunky-- shuffleboard, pinball, pocket billiards.

> solid state electronics begot cheaper and smaller hifi gear and, more importantly, cheaper and smaller computers. as more computing power came to be put on ever smaller chips, ic's found there way into the entertainment market. pong begot pac man and pac man begot the acres of video & vr games drawing crowds at dave and busters. atari, apple and commodore 64k "home" games begot interactive internet and playstation 2 games 100's of times better rendered than those you had to pay a buck to play only a few months ago at your local watering hole.

> if you wanna watch a movie now, you have a plethora of means to do so. hell, if you fly direct from denver to london on a 777, you get your choice of 17 movies, each direction, viewable on your own private lcd screen. car toys now has a section in its larger stores given over entirely to in-car video systems. say you're not easily distracted? try drivin' your m-3 with its paddle shifters whilst usin' your cell phone, gps screen and built-in dvd player.

> you wanna' listen to all those thousands of redbook cd's floatin around your life pod? slip em' in your clock radio, your in-dash player, your office mini-stack, your top-of-the-line circuit city ht/av all-digital-all-the-time six channel super system.

> for highend 2-channel audio to compete for its tiny piece of the entertainment market, it has to be differentiated from all the other choices available. how is that done? simply put, by creating clearly superior means of reproducing recordings. most of us who serve as the crew on the good ship audiogon like to think we are searching for the holy grail that is the "live performance standard" when we buy our selected gear. as others have attested, tho, that standard is likely unattainable for now, at any cost. so what we really strive for is something that sounds "better" than our perceived subjective norm. if one is self-confident, he can derive what "better" means for himself. those lacking such confidence depend upon others to define the comparative.

> the differentiation of choices in a rapidly increasing universe of alternatives becomes, perhaps axiomatically, a logarithmic function. "value" thus becomes evermore subjective. if something, anything, makes your audio system of choice sound "better" to you, then it has value. how much? that's up to you if your prudent.

> in my experience, only a small fraction of the tiny market for highend audio is driven by "status" in making choices among products. who is there, after all, to impress? the recent article in the washington post that is the subject of another thread is, i think, a reality check. people who are perfectly happy with their circuit city systems think most, if not all, who hang out in this chat room are crazy. the more we spend, the crazier we are. is it good to be crazy? does craziness equate with status? damned if i know. that's why i keep coming back to this place.

as always, these are just my opinions and random thoughts that you may agree with or not. your choice. your turn. -kelly
"VALUE" is the keyword, cornfedboy, and that is entirely subject to our personal means (well, I oftentimes have felt that I MUST rob the closest bank to obtain that latest piece) and is proportional to our individual choices and priorities. Several have posted here that they live spartan lives in order to maintain their highest audio standard...read Pls1 above...that's their choice but they may be somewhat off the beam!

A negative factor in audiophiliadom is that NONE of us will let anyone else operate or even go near or touch our systems...so that many of these pieces are squirrelled away where pokey fingers do not roam! If you cannot see or touch or listen to it then how could an uninitiated be persuaded to try it.

Thus they brand us ...well, whatever word comes to them first...but it sure ain't NORMAL, j_thunders!
Karter, re: normal. Robbing banks? Of course that's not normal. Bankrobbing is very risky. Normal people hit liquor stores when they want to upgrade, they are much easier targets.
Lorne. Thank you so much for the priviledge of stealing a peek at your very exclusive club named Audiogon (for which you are the Majority Speaker)where membership is restricted to those who have $X in the bank & spend $X in their stereo.
Obviously yours truly, with a heavy mortgage, mouths to feed, bills to pay, parents to support, need not apply!
Let's see - steady income, 401k, my own half-assed attempts at investing coupled with the recent state of the stock market, all offset by two teenage kids, a non-deterministic set of costs associated for advanced education for them, a non-income-producing spouse with house remodelling plans, aging parents on both sides that may or may not need financial help someday. System is probably worth $25K, music being acquired at about $100/month, once or twice a year buying something for the system for a few K. Gotta subtract $2K since I recently did a deal with DSSMAN, at least until they catch the scumbag. I know what Quicken says I'm worth, but I really don't believe it takes into account all these unknowns, so I figure that at 40 years old I've got somewhere between 10 and 40 years of work left ahead of me before I consider myself "comfortable" and income-producing activities become optional. In the meantime, I'll keep buying equipment and music as long as those activities give me pleasure and don't cause any of the juggling balls to fall. I'll also be glad that a ski boat and a Harley wouldn't interest me even if there was no such thing as high-end audio equipment.

Regarding the sub-thread on why we've gotten to this state of expense in this hobby - there's a very interesting book called "Luxury Fever" that discusses this same phenomena in many areas. I think most of the factors described above play a part in the rising costs. -Kirk