Mike Reed
pfm Member
... Or buy second hand to start with....that has to be sensible.You can have a 'pricey' system that doesn't really cost very much in the long term, if you buy well.Done that way, it is a lot cheaper than many hobbies. Well, that is what I tell myself.It might even be true.
I'd go along with that. Buy used at market price and let inflation put a depreciation floor under your kit. Has always worked well for Naim stuff, of course, but I don't see any reason why it shouldn't apply universally.
When you're at the higher end of audio life, this is especially relevant. Mind you, I s'pose SOMEBODY has to pay near full price initially for you to benefit. This applies to most things, not just hifi, but that 20% VAT is an immediate depreciation factor, as it's the least relevant to the intrinsic value of the item.