[bodangly]

The actual rich are buying $1000 Gucci shoes that wear out just as fast as a $100 fashion sneaker these days. They put in a $100k kitchen and then do another full remodel in 10 years because it’s not the current style anymore. Cars? They lease or buy every 3 years perpetually so always have a car payment. I’m just not sure I buy this theory in the modern world. Everything we have is designed to last for a few years and then be replaced.

[schwartzworld]

> $1000 Gucci shoes that wear out just as fast as a $100 fashion sneaker

Both are in a different league than really cheap shoes. I used to buy my shoes at Payless when I was younger, and they are literally made with paper, impossible to repair and destined to be trash within 3 months of daily use.

Shoes are an interesting case because they are destined to wear out with enough use, but high quality shoes wear out a lot slower and some kinds can be repaired or resoled, extending the life indefinitely.

[2ICofafireteam]

Luxury goods are another matter.

[rospaya]

> The actual rich are buying $1000 Gucci shoes that wear out just as fast as a $100 fashion sneaker these days.

They don't buy Gucci for the quality.