Is high-end audio days numbered?

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Laundrew

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Is high-end audio days numbered?
« on: 4 Apr 2012, 01:14 pm »
Last night I was enjoying a relaxing evening in front of my gear relishing Anna-Varney Cantodea and I found myself contemplating about my audio equipment purchase of only a couple short years ago and if I would spend as much as I did on it today. So much has changed in our economy over the last few years and I now believe that we as North Americans are truly in a “race to the bottom” and the finish line is almost in sight.

It is nice to spoil yourself from time to time but I think that “treats” such as these will shortly become a thing of the past. Lady Laundrew often tells me that many of her friends at work are beginning to experience difficulties making ends meet and no longer have any “fun money.” I should also note that they make almost double the minimum wage and I often wonder how some individuals cope when they are making only minimum wage.

We at the Laundrew household have gradually been cutting back on some items also. Gone is our daily trip to Tim Hortons for coffee and incidentally was one of our largest savings when you consider that we were spending around $6.00 per day. Also gone is our “take out food Wednesday,” we cancelled our Express View satellite service, stopped going to movie theatres and no longer purchase as many movies as we once did. Lady Laundrew’s vehicle required front brakes this week and I decided to install them myself and saved $200.00 in labor costs. It is not that I am cheap but for the average person, our incomes are finite. We need to put food on the table – have you noticed how much groceries have increased over the last year? I have to heat the house and keep the lights on. The car requires gasoline and waking up to $1.40 plus for a regular liter of gasoline this morning was most definitely a shock.

We all decide what sacrifices we wish to make in order to acquire items or services, which we desire. What is also interesting to note is that I have noticed a quiet rage beginning to grow in many individuals and I guess that people are finally getting fed-up.

The reason I have brought up these few examples is that they are necessities and although I deeply enjoy my audio equipment, at the end of the day, it is merely a luxury, a “nice to have” item if you will.  Would I be truly happy with a “meat and potatoes” system compared to that of a “fine wine and caviar” system? Most likely not at the beginning but I imagine that I would gradually get used to it as I consider myself a music enthusiast.

It is interesting to consider if high-end audio will survive in its present form, as I do not foresee a sufficient number of individuals with the required disposable incomes to maintain this industry, as we know it today.  Corporations may decide to move production offshore to maintain profitability, but once this happens I have always believed that it is a new company and their historic quality/service standards no longer exists and must therefore “prove” themselves once again.

So to respond to my original question, would I still purchase my system today? Yes, but if the economy continues on its present course for the next year or so, I would say no. In this case I would have a very hard look at the used equipment market. Perhaps one thing that we can all agree on is that the next couple of years will be very interesting for the high-end audio industry.

Be well...   

FullRangeMan

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Re: Is high-end audio days numbered?
« Reply #1 on: 4 Apr 2012, 01:34 pm »
If so, the guilty are the hi prices. Technically we are in a golden age, since 1999 with the SACD format, great sound in a reliable format.

Letitroll98

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Re: Is high-end audio days numbered?
« Reply #2 on: 4 Apr 2012, 01:43 pm »
You need to stop over at the Cheap and Cheerful HiFi circle.  High fidelity lives and thrives at prices way below what one sees on other circles.   :)

PDR

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Re: Is high-end audio days numbered?
« Reply #3 on: 4 Apr 2012, 01:55 pm »
With a little research, and a little DIY, $5k can get you 95% of the way there.
You have to ask yourself what that 5% is worth.
For most its not worth the little things that make life enjoyable.

thunderbrick

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Re: Is high-end audio days numbered?
« Reply #4 on: 4 Apr 2012, 02:06 pm »
Of course they are numbered!  Doesn't the world end this year?   :lol:

Seriously, regardless of income I see a lot of people piss away money on every game and gadget there is.  Yes, it's only a few bucks each, but it adds up.  Superficial shit that "everyone" has to have.  My audio system is a big investment relative to my income, but it has given (and continues to give) me MANY hours of relaxation, therapy, wasting time on AC, and quality time at home.  And I don't have a drawer full of obsolete remotes, gadgets, and ICs (uh, wait a minute, my press agent says I "misspoke").

What else am I going to do?  Spend $1-2K on Chrome 22" wheels?    :duh: :shake:

Laundrew

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Re: Is high-end audio days numbered?
« Reply #5 on: 4 Apr 2012, 02:17 pm »
"...And I don't have a drawer full of obsolete remotes..."

I do - well, kind of. I was doing a little spring cleaning and I came across a small box in the closet full of old remotes from equipment, which has died over the years. I wondered where the little devils had gone when I was throwing out the dead equipment.

 :duh: :lol:

Be well...

Elizabeth

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Re: Is high-end audio days numbered?
« Reply #6 on: 4 Apr 2012, 02:30 pm »
I view it as a glass half full rather than half empty.
First, I am better off in nearly ANY criteria that matters than any Queen or King or Duke or Dutchess ever was before indoor plumbing and central heat.
The only way i am less is I cannot just tell the guards to lop off someone head. (and have it obeyed)
So on that point i am happy. I have a great vehicle and roads and such i can travel on with the greatest of ease anytime, anyday.
I have a secure home, where I feel very safe.
I have a steady income. Which most likely will be there the rest of my life.
I have the internet, music, TV, my pets. my friends..
So i do not see it as getting to be less.
One point I would make is the last century in particular saw the rise of the lower class and lower middle class in an astonishing way after WWII. ThUSA really did become a melting pot of those with lower means, being able to rise up.
Now, that 'boom' seems to have passed. It may have, it may be a temporary thing.
LOOK at old pictures of the child workers in the 1890s etc. nothing like that is happening now.
So I do not think we are in trouble.
When we have 7 year old children working 12 hour days 7 days a week again, for pennies.. then we will be in trouble.

Laundrew

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Re: Is high-end audio days numbered?
« Reply #7 on: 4 Apr 2012, 03:39 pm »
I view it as a glass half full rather than half empty.
First, I am better off in nearly ANY criteria that matters than any Queen or King or Duke or Dutchess ever was before indoor plumbing and central heat.
The only way i am less is I cannot just tell the guards to lop off someone head. (and have it obeyed)
So on that point i am happy. I have a great vehicle and roads and such i can travel on with the greatest of ease anytime, anyday.
I have a secure home, where I feel very safe.
I have a steady income. Which most likely will be there the rest of my life.
I have the internet, music, TV, my pets. my friends..
So i do not see it as getting to be less.
One point I would make is the last century in particular saw the rise of the lower class and lower middle class in an astonishing way after WWII. ThUSA really did become a melting pot of those with lower means, being able to rise up.
Now, that 'boom' seems to have passed. It may have, it may be a temporary thing.
LOOK at old pictures of the child workers in the 1890s etc. nothing like that is happening now.
So I do not think we are in trouble.
When we have 7 year old children working 12 hour days 7 days a week again, for pennies.. then we will be in trouble.

Some interesting observations Elizabeth  :D

Actually, child labor is alive and flourishing in the 21st century - albeit in emerging economies and yes, we all support it when we purchase their products and conveniently turn a blind eye to these practices.

Perhaps we may consider ourselves as "islands" and many of us do enjoy a comfortable life, but I think that the tides are slowly changing and there is now a hint of a stench on the beach. What happens to personal security when the numbers of 'have nots" are slowly increasing and individuals feel that they have nothing more to lose. Although many of us are privileged to enjoy a steady income, its purchasing power has dramatically decreased over the years.

For example, before HST was added to the price of gasoline here in Ontario, we were paying around $.90 per litre. During my daily commute, I use approximately 10 litres of fuel. So for arguments sake, with today's price of $1.40 per litre it costs me an additional $5.00 per day or $25.00 per week. Multiply this by 40 or so weeks and you are paying an additional $1000 per year. Now lets say you get a raise of 3% on an income of $100K, the after tax, CPP, EI amount left over would not cover this. Now you have to look at the other increases in other products, i.e. food, which also goes up as a result of high fuel prices. I will not touch on high electrical prices here in Ontario, but it is responsible for hurting our manufacturing industry.

The other shoe I waiting for to drop is a raise in interest rates, can you imagine renewing your mortgage and finding out that your home is worth less than the amount you must refinance due to a sagging economy? I actually consider myself a social recluse and I tend to observe a great deal when I am out and about - you are very sensitive to so many social nuances when you look in from the fringe. Yes, the internet does provide me with a level of social interaction from the comfortable and safe environment from my room - there goes the security thing again. I do not intend to be a bastion of negativity and it is surely not my intention, or perhaps it is my Gothic personality just peeking out  :wink:, but maybe, just maybe, we have all become a little too comfortable over the years and take many things for granted - just an observation.

Be well...   

   

lanchile

Re: Is high-end audio days numbered?
« Reply #8 on: 4 Apr 2012, 03:54 pm »
The economy is bad everywhere! But as long as we are all healthy, have something to eat, a place to sleep....it is all good! :thumb: the rest is extra! :thumb:

PS: I would rather be poor, but with my health... than Rich and laying down on a bed like a vegetable!
at the end when We all die ,We do not take a penny with us :nono:. Too bad all those Brystons are going to stay here lol.

SHV

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Re: Is high-end audio days numbered?
« Reply #9 on: 4 Apr 2012, 03:55 pm »
"Actually, child labor is alive and flourishing in the 21st century - albeit in emerging economies and yes, we all support it when we purchase their products and conveniently turn a blind eye to these practices. "
********
Difficult problem.  If, in those economies, the children don't work, then  the whole family starves, is it moral to try and stop child labor?

Steve

Laundrew

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Re: Is high-end audio days numbered?
« Reply #10 on: 4 Apr 2012, 04:04 pm »
"Actually, child labor is alive and flourishing in the 21st century - albeit in emerging economies and yes, we all support it when we purchase their products and conveniently turn a blind eye to these practices. "
********
Difficult problem.  If, in those economies, the children don't work, then  the whole family starves, is it moral to try and stop child labor?

Steve

I agree with you Steve, it certainly is quite a horrible dilemma and would offer that these individuals are definitely being taken advantage of by many entities.

Be well...

Laundrew

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Re: Is high-end audio days numbered?
« Reply #11 on: 4 Apr 2012, 04:09 pm »
"...Too bad all those Brystons are going to stay here lol..."

Right you are lanchile and I also hope that my "Beasties" will go to a good home - perhaps a "vintage" audio collector who will also cherish them.

 :wink: :D

Be well...

Phil A

Re: Is high-end audio days numbered?
« Reply #12 on: 4 Apr 2012, 04:14 pm »
I believe it will be there.  May be some changes just like we fewer high end dealers today than a decade ago.  As long as there is a market for it, it will be there in some form or another.

tim92gts

Re: Is high-end audio days numbered?
« Reply #13 on: 4 Apr 2012, 04:46 pm »
I do - well, kind of. I was doing a little spring cleaning and I came across a small box in the closet full of old remotes from equipment, which has died over the years. I wondered where the little devils had gone when I was throwing out the dead equipment.

 :duh: :lol:

Be well...

Worth having a look round at prices on ebay if you can be bothered, a couple of mine got good prices
for rehoming in Italy.
Even my dead cdp sold for a dozen cds worth to a diy repairer.
I always make it clear that my time is included in P&P too.
HTH
Tim

JRace

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Re: Is high-end audio days numbered?
« Reply #14 on: 4 Apr 2012, 07:29 pm »
But in this tough economic time you did not curbback on hi fi instead you cut back on the needless expenses like fast food and coffee. So hi fi wont die, but (hopefully) bad food and bad coffee will!

Laundrew

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Re: Is high-end audio days numbered?
« Reply #15 on: 4 Apr 2012, 08:02 pm »
But in this tough economic time you did not curbback on hi fi instead you cut back on the needless expenses like fast food and coffee. So hi fi wont die, but (hopefully) bad food and bad coffee will!

Bad coffee - you certainly have that right  :wink: :D

If I was considering cutting back on anything related to music, it would be by reducing my CD purchases. If I listened to one CD per day, it would take almost a couple of years to go through my entire collection.

Be well...   


Anonamemouse

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Re: Is high-end audio days numbered?
« Reply #16 on: 4 Apr 2012, 08:14 pm »
The car requires gasoline and waking up to $1.40 plus for a regular liter of gasoline this morning was most definitely a shock.

Copied from my Facebook, posted a few weeks ago:

I just got gas for my car. 57-and-a-bit liters. I felt my stomach drop when I saw the total: 100,02 euros.

ONE HUNDRED EUROS AND TWO CENTS.

For the Americans amongst my readers: this is 15 US gallons and a drop, and it cost me US$ 122.73. That is US$ 8.20 per gallon.

On top of that we pay a retarded amount of "road tax" for our car, tax because we own a car and it is on the road. And when you buy a car about half of the money goes to our rip-off government too.

The pain is felt daily here... Prices are going up on a day to day basis.

SHV

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Re: Is high-end audio days numbered?
« Reply #17 on: 4 Apr 2012, 09:53 pm »
"That is US$ 8.20 per gallon."
*******
Yikes!!!   And I thought paying $4.14/gallon today for 93 Octane was crazy.  Ah...for the days when I could fill the tank of my VW for less than $3.00 USD.

Steve

FullRangeMan

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Re: Is high-end audio days numbered?
« Reply #18 on: 4 Apr 2012, 10:14 pm »
The economy is bad everywhere! But as long as we are all healthy, have something to eat, a place to sleep....it is all good! :thumb: the rest is extra! :thumb:

PS: I would rather be poor, but with my health... than Rich and laying down on a bed like a vegetable!
at the end when We all die ,We do not take a penny with us :nono:. Too bad all those Brystons are going to stay here lol.
Bad only in North America, Europe and Japan, the BRICS are in great shape.
But regular people refuse to spend the value of a car, to buy the latest amp.
Addicts audiophiles are hard to find people.

JRace

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Re: Is high-end audio days numbered?
« Reply #19 on: 5 Apr 2012, 12:57 am »
Gone are the days of rooting through the couch to find enough change to get some gas in the tank.