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Comment by steveBK123 | Hacker News Reader

Sure, if you have the money and interest, spend it.

But people often conflate "investment" & consumption when its anything related to home renovation. I'd still argue these types of "hobbies" are 90% consumption, and for most of the people I know.. usually financed with loans.

No one I know with a $100k kitchen cooks any better than my poor immigrant grandmother did.

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Think of it like a machine shop. Expensive tools work way, way better than cheap ones.

I also have a restaurant grade toaster. It costs quite a bit more than the usual toasters do. But the usual ones would always break after a year or two. The restaurant toaster makes better toast, and has worked fine for 25 years now. It was actually cheaper to get the restaurant grade one over the long haul.

> The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money. Take boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles. But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that'd still be keeping his feet dry in ten years' time, while a poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet. This was the Captain Samuel Vimes "Boots" theory of socioeconomic unfairness.

https://en.m.wikipedia.org/wiki/Boots_theory

On the other hand, if the wealthy person bought the $10 boots and invested the other $40, the investment could throw off enough money to keep him in annual $10 boots forever.

What are you doing to your toasters? My toaster had a good 10+ year run before I ultimately gave it away because I purchased a toaster oven. This was a Target/Walmart unremarkable kit that must surely have cost <$40, most likely something around $20 because I was a broke college kid.

They would just quit. Like my drip coffee maker. The heating element or the switch always breaks after a couple years. It's hard to buy an expensive one, as those always come with lots of buttons and a manual. I just want one that I put the coffee and water in and turn it on.

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