A few months ago our 18 year old dryer quit. I fix cars for a living, so how hard can a dryer be, right? One evening after dinner to disassemble and diagnose, got new parts the next day, another evening to repair, in addition freshened up the machine with a new belt and a couple of rollers. All told, had it fixed for $70 in parts and a couple hours of time. I expect it to last another 10 years or more. Some may say I’m cheap, but it’s fixed and works as designed and will probably last as long as if I had bought a new one.
A month later I find that the fridge has quit. My wife found a very nice one for $3500. I immediately went to work fixing this one. Second time I had to repair a 10 year old fridge. Meanwhile we were using the garage fridge, which is the one we bought 18 years ago and has never missed a beat.
About 5 years ago we bought a 55 inch flatscreen, had them come and mount it on the wall, and run wires for all the surround speakers, etc. My dad came to visit, looked at it in awe and asked how much we spent on that huge thing. I told him with installation it was 2 grand. He shook his head and marveled at how we spend money on things like TV. Now hold on dad, when I was a kid we had a big 25" Zenith console TV, remote control, Hi fidelity speakers, walnut cabinet.
“Yeah, I remember how proud I was of that. It was the top of the line, the newest model when I bought it, must have been 1966.”
“Do you remember how much you paid for that?”
“Yeah, it was $600. Saved for a while to buy it.”
“Uh huh, and how long did it take you to earn that $600 in 1966?”
“I think my salary was something like $160/week.”
“And we’re the ones spending a lot of money?”