Originally Posted by archetypal_yuppie
archibald: "Meanwhile, I am satisfied with and enjoy my MTM garments and am not afraid of what might happen to them when I wear them out somewhere or drop them off at the dry cleaners."
Good point. I bought a lot of not-cheap cashmere over the last two years and there is no question that worrying about damage/moths/how to properly clean them is baggage that comes in addition to and correlates with the financial burden. In that sense there is virtue in cheaper things - no need to worry.
For me, spending a lot of money on a garment-or anything else, for that matter-would only cause me to worry about those pricey items getting damaged if I didn't have enough money to replace them in the event that those pricey items got damaged (but only if insurance policies nor warranties are available). Otherwise, I would never worry.
Of course, outside of homeowners insurance if you own-rather than rent-your home, you can't get insurance nor a warranty to replace damaged clothing regardless of the price of the clothing.
For what it's worth, people should only buy any expensive item if they can afford to replace it if it gets damaged (which is unlikely to happen if you don't abuse nor neglect it too much)-or, if it is possible (again, it is not possible with clothing at any price), to have an insurance policy or a warranty on it.
As we all know, with many items (such as homes and other types of buildings that people own, vehicles and too many other machines to mention-but far from all machines), an insurance policy is required by law.
However, appliances, electronics, vehicles and far too many other machines to mention, are only required by law to have a warranty in the first 4 years of ownership at the very least. I have never heard of a home-or any other type of building (owned and rented) having a warranty.Edited by OxxfordSJLINY - 7/30/13 at 4:50am