Takeaway must be much cheaper in Canada than the UK. $13cdn = £7.73. You can get some McDonald's meals for that, but a large Domino's pizza costs £22.99 ($38.65cdn).Fast food prices in general are kind of nuts here. Without a coupon, a mcd’s combo is going to run around $13cdn. Fuck thati can get a pizza for that much and feed 4 or have multiple meals.
I think even with the exchange that your housing is more affordable standalone than here. I know the house we got would have cost half as much not long ago and the same is true for most of them.
Is that a large cheese or pep? +1 to “multiple meals?”Takeaway must be much cheaper in Canada than the UK. $13cdn = £7.73. You can get some McDonald's meals for that, but a large Domino's pizza costs £22.99 ($38.65cdn).
More importantly, how does one pizza feed four people / last for multiple meals?
We are talking about a 3000 guitar new or old.
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Like i said, 3kUS is 1/10 of my takehome a few years back (only recently stopped touring and changed positions, relatively).
3k is a luxury guitar everywhere. I'm just saying, you don't need to be rich to buy one. You just need to put up the cash - and a lot of people do. Millions of Americans are outdriving their budget with brand new 30k+ cars and many guitarists are spending more than they can afford on guitars, often on credit/bnpl.
Of course, people post their NGDs and not their credit card bills, so sometimes the perception gets skewed as to how large some people are living online. Then, other people over-extend themselves to keep up with everyone else.
By feeding it to 4 non americans.More importantly, how does one pizza feed four people / last for multiple meals?
I would say the affordability of a 3k guitar has almost as much to do with how someone prioritises use of their money as how rich they are. Obviously, some people simply wouldn't be able to afford a 3k guitar, but there are plenty of people who aren't "rich" but can (and do) spend 3k on a guitar.
A 12" pizza is less filling (and less healthy!) than my average evening meal.
Hasn't the price gap (%) between a Gibson LP and a high-end Jackson / Ibanez / N.E.Other actually closed in recent years?
I think I just have a large appetite tbh.
Oh man, to be honest, it's too long to read but let me simplify it a little.I would say the affordability of a 3k guitar has almost as much to do with how someone prioritises use of their money as how rich they are. Obviously, some people simply wouldn't be able to afford a 3k guitar, but there are plenty of people who aren't "rich" but can (and do) spend 3k on a guitar.
For example:
Three people with the same salary, same savings (£12.5k) and same disposable income (£262.94) - i.e. no-one is any richer or poorer than the others. They all buy a Ford Focus in 2020.
Person A buys a new Ford Focus for £25k, paying £12.5k up front and taking out finance for the remaining £12.5k, at 10% APR over 5 years. Person A's total spend on the car will be £28,276.69.
Today (in 2023), the car is worth £12.5k, so they could sell it at a loss of £15,776.69. Person A still has £6310.56 left to pay (two more years of monthly repayments).
The monthly repayments of £262.94 make it difficult for them to save anything, after their monthly bills and groceries etc. are paid for, so they have no savings. This will continue to be the case for the next two years. They cannot afford to upgrade their car, or buy a guitar (not even a cheap guitar, let alone a £3k guitar), or to go on holiday.
In 2025, Person A has a 5-year-old Ford Focus, no savings and no guitar. Not only can Person A not afford to upgrade the car or buy a guitar, they also still can't afford a holiday.
After five years without a proper holiday, Person A is stressed and really needs to get away. They pay for a holiday on a credit card and are now £1k in debt.
Person B buys a 3-year-old Ford Focus on the used market for 12.5k (50% depreciation after 3 years is average in the UK). Person B's total spend on the car will be only £12.5k (£15,776.69 less than Person A spent).
Today, the car is worth £6250 (assuming 75% depreciation on the new price that the first owner paid in 2017), so Person B could sell it at a loss of £6250 (£9526.69 less than Person A would lose).
Due to not having to spend £262.94 per month on loan repayments, Person B has instead put this amount into a savings account each month for the last three years. Person B really wants to buy a £3k guitar, so didn't go on any holidays and has saved £9465.84 + accumulated £450 in interest (3% rate). After selling the car for £6250, Person B has £15,865.84 available.
Person B buys another 3-year-old Ford Focus (i.e. manufactured in 2020), which happens to be the same age as the one that Person A still owns, for £12.5k. £3665.84 is available to spend on a guitar. This means Person B can own the same car as Person A (no longer an older version of it), afford a £3k guitar, and has £665.84 left over to spend on a holiday.
In 2025, Person B has saved up another £6310.56 + accumulated £200 interest (3% rate), but spent £1000 of these savings on a holiday in 2024. They sell their 5-year-old car for £8750 (65% depreciation assumed) and buy another 3-year-old car for £12.5k, then spend £1k on a summer holiday. This leaves £760.56 in their savings account. Person B now has a newer car than Person A, owns a £3k guitar and has been on 3x as many holidays, yet is is £1760.56 better off than Person A.
Person C buys a 5-year-old Ford Focus for £8750, spends £3k on a guitar and has £750 left over for a holiday.
In 2025, Person C still owns the same car, which is now 10 years old. They have amassed £15,766.40 in savings + accumulated £1000 interest, but spent £1k per year (£4k total) of that on annual holidays.
Person C sells their car for £2500 (assuming 90% depreciation), buys another 5-year-old Ford Focus (the same age as Person A's) for £8750, and then spends £1k on a holiday. This leaves £4526.40 in savings, from which they buy another £3k guitar.
Person C now has two more £3k guitars than Person A (one more than Person B), a car the same age as Person A's (two years older than Person B's), has been on 5x as many holidays as Person A (3 more than Person B) and is £2526.40 better off than Person A (£765.84 better off than Person B).
I could easily have added other factors into the mix, such as the amount spent on smart phones (e.g. a £200 handset upgraded every 5 years vs. a £1000 handset upgraded every 2 years = £2600 difference in the above timeframe), nights out, eating out, clothes, jewellery etc.
Some people naturally spend every penny they have without really thinking about it, some will fall into the trap of spending more than they have and racking up debt even if they have a huge salary, and others are naturally very careful and systematic with their finances.
Please don't mistake this for me implying that anyone could afford a £3k guitar if they were careful with their money, as I know that's really not the case. All I'm saying is you don't need to be rich (although "rich" is of course very subjective and someone living in poverty could easily perceive someone who's upper working class to be rich, even though they may earn below the national average wage).
These are guitars that you would need to be rich to afford
https://reverb.com/news/the-most-expensive-guitars-ever-sold
I would say the affordability of a 3k guitar has almost as much to do with how someone prioritises use of their money as how rich they are. Obviously, some people simply wouldn't be able to afford a 3k guitar, but there are plenty of people who aren't "rich" but can (and do) spend 3k on a guitar.
For example:
Three people with the same salary, same savings (£12.5k) and same disposable income (£262.94) - i.e. no-one is any richer or poorer than the others. They all buy a Ford Focus in 2020.
Person A buys a new Ford Focus for £25k, paying £12.5k up front and taking out finance for the remaining £12.5k, at 10% APR over 5 years. Person A's total spend on the car will be £28,276.69.
Today (in 2023), the car is worth £12.5k, so they could sell it at a loss of £15,776.69. Person A still has £6310.56 left to pay (two more years of monthly repayments).
The monthly repayments of £262.94 make it difficult for them to save anything, after their monthly bills and groceries etc. are paid for, so they have no savings. This will continue to be the case for the next two years. They cannot afford to upgrade their car, or buy a guitar (not even a cheap guitar, let alone a £3k guitar), or to go on holiday.
In 2025, Person A has a 5-year-old Ford Focus, no savings and no guitar. Not only can Person A not afford to upgrade the car or buy a guitar, they also still can't afford a holiday.
After five years without a proper holiday, Person A is stressed and really needs to get away. They pay for a holiday on a credit card and are now £1k in debt.
Person B buys a 3-year-old Ford Focus on the used market for 12.5k (50% depreciation after 3 years is average in the UK). Person B's total spend on the car will be only £12.5k (£15,776.69 less than Person A spent).
Today, the car is worth £6250 (assuming 75% depreciation on the new price that the first owner paid in 2017), so Person B could sell it at a loss of £6250 (£9526.69 less than Person A would lose).
Due to not having to spend £262.94 per month on loan repayments, Person B has instead put this amount into a savings account each month for the last three years. Person B really wants to buy a £3k guitar, so didn't go on any holidays and has saved £9465.84 + accumulated £450 in interest (3% rate). After selling the car for £6250, Person B has £15,865.84 available.
Person B buys another 3-year-old Ford Focus (i.e. manufactured in 2020), which happens to be the same age as the one that Person A still owns, for £12.5k. £3665.84 is available to spend on a guitar. This means Person B can own the same car as Person A (no longer an older version of it), afford a £3k guitar, and has £665.84 left over to spend on a holiday.
In 2025, Person B has saved up another £6310.56 + accumulated £200 interest (3% rate), but spent £1000 of these savings on a holiday in 2024. They sell their 5-year-old car for £8750 (65% depreciation assumed) and buy another 3-year-old car for £12.5k, then spend £1k on a summer holiday. This leaves £760.56 in their savings account. Person B now has a newer car than Person A, owns a £3k guitar and has been on 3x as many holidays, yet is is £1760.56 better off than Person A.
Person C buys a 5-year-old Ford Focus for £8750, spends £3k on a guitar and has £750 left over for a holiday.
In 2025, Person C still owns the same car, which is now 10 years old. They have amassed £15,766.40 in savings + accumulated £1000 interest, but spent £1k per year (£4k total) of that on annual holidays.
Person C sells their car for £2500 (assuming 90% depreciation), buys another 5-year-old Ford Focus (the same age as Person A's) for £8750, and then spends £1k on a holiday. This leaves £4526.40 in savings, from which they buy another £3k guitar.
Person C now has two more £3k guitars than Person A (one more than Person B), a car the same age as Person A's (two years older than Person B's), has been on 5x as many holidays as Person A (3 more than Person B) and is £2526.40 better off than Person A (£765.84 better off than Person B).
I could easily have added other factors into the mix, such as the amount spent on smart phones (e.g. a £200 handset upgraded every 5 years vs. a £1000 handset upgraded every 2 years = £2600 difference in the above timeframe), nights out, eating out, clothes, jewellery etc.
Some people naturally spend every penny they have without really thinking about it, some will fall into the trap of spending more than they have and racking up debt even if they have a huge salary, and others are naturally very careful and systematic with their finances.
Please don't mistake this for me implying that anyone could afford a £3k guitar if they were careful with their money, as I know that's really not the case. All I'm saying is you don't need to be rich (although "rich" is of course very subjective and someone living in poverty could easily perceive someone who's upper working class to be rich, even though they may earn below the national average wage).
These are guitars that you would need to be rich to afford
https://reverb.com/news/the-most-expensive-guitars-ever-sold
. To give you an example I recently sold my 15 year old car for 3000€ (which I bought 5 years ago for 3800€). So we're talking 800€ of depreciation in 5 years.
Buying used is definitely the way to go. I also like broken in nitro finishes. A little wear makes me feel better so I don't baby them too much unless I am reselling
