The word ‘luxury’ can mean many different things to us as humans. Some may interpret it as something that no one else has, something that is expensive, or something that is rated as top of the range when it comes to quality. When we shop as an average consumer on an average salary, we are trained to be on the look out for the best bargain rather than luxury. That said, there are purchases where the extra dollars spent can be worth it, when you balance up overall what may come along with the added luxury, in term of quality and style for example. Before making the decision to shell out the extra dollars it is important to understand exactly what the difference is and why you are paying the extra for luxury compared to the standard items in the range.
Wine
What increases the value of wine is largely the process that takes place when it is produced. Also perception, it could be argued that if the best wine in the world was made, and sold for a low price who would believe the marketing and advertising that goes into promoting the wine as the best wine in the world? Hardly anyone would believe a $5.00 bottle of wine is fine luxury wine. The price we pay is relative to to production process, and increases the face value and price which indicate luxury this is what we pay for the indication of what it is. If you are a wine lover and you do seek to enjoy only the finest wines, this is why you pay extra , for the process undertaken to produce the fine wine. If this is what you seek then it’s worth the extra dollars than the $5.00 bottle.
Fashion And Clothing
When it comes to craftsmanship of high end designer clothing, it is said to be overall of better quality. Therefore it is worth investing in, for example handbags are often hand stitched. Makeup products are often associated with luxury, the price tag comes with knowing that the products are designed to be potent, long lasting and overall perform better at producing the look that we want.
Real Estate
It is no surprise that with real estate the luxury it has is determined by the price tag, the area it is located and the kind of inhabitants of the area. A classic example is condos from sites such as http://the1yongecondos.com/. It’s a condo development in Toronto, Canada. When it comes to real estate,these apartments scream luxury in every way, with lakeside views and the convenience of downtown life. The up and coming one and two bedroom apartments ooze style, and class. Perfect for the working professional seeking their first investment. It could be argued that real estate is the best type of investment one can make in the long term, especially a luxury one. What you pay for when you invest in luxury real estate, is the security of knowing it will increase in value as the market changes in a positive direction.
Technology
Making life that much easier for us all. Employers, employees, individuals everyone is set to benefit from the advancement in technology. Smartphones vs non smart phones is the question for the average consumer. A majority opt for the former as it is deemed a luxury worth having, to help make communication and life organization that much easier with a million things to juggle such as family and work.
Cars
This all boils down to performance a lower end car vs a high powered sports car. It is an individual choice based on a person’s needs, which will determine how many of us pay for luxury in this area. What you get with a luxury car is ultimately status, power and to be viewed differently by your peers. The cost of this is the maintenance of such luxury. One would need to decide if the cost of maintenance is worth the status and power that comes with a luxury car. For some it is worth it at all costs.
