Obscene Prices, Declining Quality: Luxury Is in a Death Spiral

8 comments

1. https://archive.is/m9SAi

2. I would say the average Reddit user is poor and under the age of 35, so why would I care about luxury brands. Oh, this is the NYT, like NPR, the “Fru-Fru” crowd reads those, not us.

3. The quality of everything is trash period. Welcome to shit apocalypse where you are sold the best and it falls apart when you take it home. Where you are promised services and denied everything. Quality can’t find it anywhere.

4. Are people still buying factory made Nike sneakers for $500-$100,000 because of hype? That is the dumbest shit I’ve ever seen in my life!

5. Was gonna buy sunglasses think I’ll just buy knockoffs overseas….🖕🖕🖕🖕🖕🖕🖕

6. When economic rents displace consumer demand. It’s literally private equity buying what consumer are allowed to consume.

7. This topic has been discussed countless times at /r/handbags, /r/LouisVuitton, and similar subs.  Quality is tanking even as prices skyrocket. 

8. When I see someone wearing luxury items I always assume they are bad with money.

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