[nradov]

This is obviously not how things generally work in the real world. Prices for personal computers have been deflating for years. The computing power in a $1000 laptop today would have probably cost at least $3000 a decade ago. And yet customers keep buying them instead of putting off spending because they want to have stuff today.

[lmm]

People buy computers when they want or need them, yes. But they absolutely do put off buying them because a better model is coming. Whereas people rush to buy e.g. a house as quickly as they can, because the price of houses keeps going up.