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Keeping up with inflation is definitely relevant, but keeping with the spirit of this circle is really the point at hand.
Here's an idea -- start at the year in which $1,000 became the threshold and re-calculate for inflation. Then we can argue whether or not the new baseline amount is reasonable.
Yep, did that. Mariusz started it back in 2009 and the $1,000 total system price tag goes to about $1,450 now by comparison. I rounded up to $1,500 to suggest a pinch more wiggle room for fun stuff.
Many of my friends would not think a $1000 system to be Cheap and Cheerful, it would be an extravagance.This is the go-to circle when looking for components to recommend for the other 99% of the population.
The Cheap & Cheerful HiFi section should keep up with inflation. Not sure when the $1,000 was established for a complete system, but the pricing of audio gear has doubled in the past few years. AC is for audiophiles and audiophile gear ain't cheap. Today, I'm guessing the cheapest audiophile system you can get on the used market or DIY (integrated amp, speakers, source, and cables) is $2,500. Geez -- the shipping alone on these items could be a few hundred bucks!! I'm not referring to vintage gear from the 70's sold on ebay. I'm thinking of gear since the year 2000. Back in 2000, you could buy a nice pair of used monitors for $500. Today, those same monitors would cost $1,500.If you set the bar too low (like it is now), then we're no longer talking about high fidelity which is the intent of this circle. Many of us have good reasons to set up a cheap system (garage setup, office, bedroom, children, etc.), but a budget of $1,000 for a complete system will sound like crap. If sound quality doesn't matter for C&C, then disregard my comments.
It seems like the component part of the C&C is quite easy to be priced cheaply - as I'm quite surprised with my SMSL SA-50 pre-amp/amp with a Schitt DAC. Paired with a set of $1000 set of speakers - or maybe even more with a pair of powered speakers, can very likely get someone an excellent sounding system.
My bad for posting in this forum, wasn't aware of the pricing guidelines. Should have checked before I posted, my apologies.