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https://warpcast.com/~/channel/hifi
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matthewb
@matthewb
totally relate to this. hifi is one of the most punishingly expensive hobbies there is. you can spend $10k on an accessory without batting an eyelash, nevermind an entire system.
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Oliver Tipton
@mroliverpt
it’s the biggest upside and downside to these types of hobbies…. Often being that expensive (ignoring cars) means good choices will hold their value or even appreciate
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matthewb
@matthewb
very true! I think watches are a pretty good example of this in practice.
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Oliver Tipton
@mroliverpt
yep. Does hifi hold value well?
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matthewb
@matthewb
hi-fi is a bit weird because unlike a car, it’s quite easy to transport and buy/sell without any of the authentication issues of watches or jewelry. everything is small batch by default and relies on small dealer networks, very few fakes because it’s expensive/difficult to produce and you can hear the difference easily. so, it doesn’t typically appreciate in value—though there are some exceptions—but if you buy used you can quite easily get back whatever you put in. so, your two options are basically: a) buy new if confident you won’t upgrade, enjoy for 20yr or longer. if you decide to sell on secondary market, you’ll take a hit of 30-50% depending on condition. b) if unsure or want to save $$, buy used for 30-50% off list price and sell anytime for +/- 10%. easier to buy/sell certain brands than others, but typically doesn’t take long.
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Oliver Tipton
@mroliverpt
nice nice. the lack of fakes is a huge benefit I’m sure. Also making fake jewelry is way easier for scammers😂so nice you don’t have to worry about that. I’ve never gotten too much into it, but i have friends who are and say they have insanely good experiences with high tech audio equipment. Would love to try some out soon to see what I’m missing
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