[momotomo]

The maintenance aspect is the biggest hidden cost I think.

Your last point is interesting - one of the guys that used to mentor me in meditation often said that the attachment to not having things is just as painful as the attachment to having things. It's a true point.

[matwood]

That's an interesting point to the attachment of not having things. I might have been on that path until a previous girlfriend brought me back towards balance in the other direction. She convinced me to buy a couch and replace my plastic deck chairs. :)

I was thinking more along the lines of how people act differently with stuff. A personal example would be my dslr camera. I purposely bought the least expensive that I could get away with, but still have the basic features I wanted (used nikon d60 if you're curious). I take it everywhere and use it all the time because I don't worry about it getting broken or banged up. Obviously I'm not going to toss my camera out the window, but I'm also not going to go nuts if bangs on a rock while I'm hiking. Things are just things.

Contrast this with a friend of mine who bought a d3 (~$10k!) and a bunch of lenses that go for over $2k. He rarely ever uses the camera. It's like he's afraid to mess it up. In my mind his camera is owning him rather than him owning a camera.

[loewenskind]

Well, personally my strategy is to try and get things to pay for themselves. I bought the most expensive camera I could in the hope that some day I could sell a few photos. Passive income is, after all, the holy grail. So if I'm taking photos for a hobby anyway, maybe this hobby can start paying for itself. I wouldn't want to engage in an expensive hobby that didn't even have that potential.

[matwood]

Unless there is a certain feature you needed a more expensive camera for (higher fps for sports photography for example) photos are much more the photographer than the camera. Glass is a much better place to spend money than on a camera body.

The professional photographers I know or even the guys who just sell pictures on the side use relatively inexpensive equipment compared to what is available for sale.

[chopsueyar]

I have heard the somewhat crude expression, "If it fucks, flies, or floats, rent it."