Front shock replacement ?

[csukoh78]

There are companies that make a lot of money based on this philosophy.
They create something that may be slightly “better” than everything else, then jack up the price 10x and sell it to people like you. Something something a fool and his money.

What a damaged and sad world view you have.

Quality products that demand a premium are often time proven and reliable. No one is buying something because it's expensive. We buy it because it's quality. And quality lasts and is cheaper in the long run.

Sounds more like projection because you've been suckered in the past. Better luck in your future decision making.

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[Firn]

What a damaged and sad world view you have.

Quality products that demand a premium are often time proven and reliable. No one is buying something because it's expensive. We buy it because it's quality. And quality lasts and is cheaper in the long run.

Sounds more like projection because you've been suckered in the past. Better luck in your future decision making.

I wouldn't get too high on the horse there. You spent $2500 on shocks when the $300 shocks are proven to be of quality. Yes, both are better than the $50 shocks, but that doesnt justify spending $2200 more.

Just because something is more expensive than an alternative does not mean the quality scales the same. More expensive products exist heavily because of the perceived quality.

Do you think a Ford F150 platinum for $100,000, when compared to a $50,000 XL has $50,000 in higher quality parts? It's the same frame, same engine, same computers, same drivetrain, same safety equipment, same body. So is there $50k in interior cost? Even $20k COST in high quality materials? No.

Some economics theories to consider.
BTW, its fun when you realize that the very article you posted is an example of market manipulation by producers to get people to buy higher priced goods.


Veblen Goods (Thorstein Veblen): Coined in 1899, this theory explains that for certain luxury items, demand increases as the price increases, because the high price serves as a public display of wealth and social status.
Price-Quality Signaling: Consumers often use price as a proxy for quality when information is limited. When an item is expensive, consumers may subconsciously assume it is higher quality, causing demand to rise, contrary to typical demand curves.
Positional Goods: These are goods valued for the status they confer, with higher prices reinforcing their exclusivity.

Related Psychological and Behavioral Concepts:

Perceived Value: Consumers often equate a high price tag with a higher standard of production, assuming that "you get what you pay for".
Conspicuous Consumption: The act of buying expensive items to flaunt wealth, where the high price is part of the appeal.
False Economy: While the theory posits that high price equals high quality, this can be a "false economy" if the consumer pays for brand prestige rather than superior durability

 

[roddiaz1]

Firn, You sound like an economist. Remind me what do you call when companies have different price points for basically the same good or service. I think the standard example was gyms would offer a Platinum, Gold and Silver membership for the exact same gym, yet the monthly prices were different. What is that called? Something related to consumer surplus, right?

 

[Firn]

Firn, You sound like an economist. Remind me what do you call when companies have different price points for basically the same good or service. I think the standard example was gyms would offer a Platinum, Gold and Silver membership for the exact same gym, yet the monthly prices were different. What is that called? Something related to consumer surplus, right?

An economist? Nah. At best some higher level economics courses.

To be clear, everyone gets to spend their money where they will and as long as their family is going with food, clothes, or other such items there is nothing for us to say about it. Just don't try and rationalize it.

In general I search for the knee in the curve, where cost vs quality tapers off. Thats why I run ryobi for tools at home, not Milwaukee. But every use change the equation, and I sure wouldn't be running Ryobi if it was a business using those tools to make money.

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