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How much are you worth ?

I know. I know. It's none of my business. Bear with me. I know people who have $200K in the bank & their system costs
100K. I've also seen people living in dumps listening to 50K systems. So please tell me. What is your limit? How far will you go? If someone has $100, how much does he/she have to spend on audio equipment before you'd tell him/her to cool it. An accountant once told me that pertaining to the States as a whole,up to 1/3 of your net worth can be spent on housing, 10% on transport (cars), 5% on furnishing, etc.
Wonder if there's an indicator for high-end audio.
ryllau

Showing 1 response by metaphysics

metaphysics
192 posts
 
My system turned out to be one of my better investments. I was fortunate to have participated in a biotech IPO about a year ago and invested 75% of the returns back into the market, bought the requisite sports car (10%), etc (5%) and bought a really nice system here on Audiogon. The market dropped shortly after knocking my market holdings down by 70% (bad days!!!), cars always lose value, but I could still sell my system for about what I paid.

By the way, this was not my first high-end system so please do not label me as nouveau-audio-riche. Prior to the IPO, I sold my Levinson/Classe/Joseph Audio system as part of the downpayment on my house.
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