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by mollusk
3250 days ago
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Of course the manufacturing cost is considerably smaller for restaurants, but they charge a significant markup, which is the only reason eating at home costs less. It's funny that you mentioned McDonald's, I shamelessly love it (in moderation, of course), but in my country it's not the dirt cheap option. It's somewhere in the mid range of fast food places. I literally would not be able to afford to eat at McDonald's 365 days a year. My setup costs are pretty much next to none, I pay a rent for fully furnished apartment with kitchen, pots and pans, tableware and everything included. Actually it would be a shame not to use them, those would be wasted expenses. My cooking habits are opportunistic, if I'm at home, with no plans, I'll cook a meal and enjoy the process of doing so. A lot of the times I'm simply not home, so I don't even have the opportunity to cook. |
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Having explored some investment opportunities in the restaurant industry in the past, I don't see the markups being that large. Competition is fierce enough that there isn't a lot of room to go overboard with the margins. Even McDonalds makes the vast majority of their profits from being in the real-estate business[1], rather than the food business.
> Actually it would be a shame not to use them, those would be wasted expenses.
That I agree with, but the cost of the kitchen is still baked into your rent/utilities. You cannot simply ignore the cost because you happen to already be paying it. It is a very real cost that affects how much it costs to cook at home.
> A lot of the times I'm simply not home
Which, I would argue, is also a cost that should be considered as part of cooking at home. Time to get home, cost of travel to get home, giving up the opportunity of whatever else you may be doing, are all costs involved in cooking at home when you are away from home. And it seems that you have found eating out to be the cheaper option under these circumstances.
[1] http://blog.wallstreetsurvivor.com/2015/10/08/mcdonalds-beyo...