Cheap today, can mean expensive tomorrow!

[marrcelo]

cheap things often cost more later. low quality breaks fast so you end up buying again same idea in crypto chasing cheap coins can hurt more in the long run

[MFahad]

Do you know that quality goods are very expensive to afford and only the rich can afford them. There's nothing bad going for a cheap stuff that can serve you for a while, because nothing is guaranteed to last longer. I could remember way back when I was still a teen, buying television was somehow, expensive because it was coming directly from the US. The moment China flooded their products in my country, it was far cheaper than that of the US imported television but still the TV was working perfectly and lasted long enough.

It must be acknowledged that expensive things are not always good and cheap things are not always bad. Nowadays quality is not measured by price instead, it is dependent on manufacturing and technology. You have personally seen how a high-priced item turned out to be poor quality. foreign products brought from America were costly and thus restricted to a particular social status. The introduction of products made in China generated competition in the market and revealed that quality items can also be sold at an affordable cost. while making any purchase, it makes more sense to buy a product that suits you well and lasts long than just going for branded products or buying from a particular nation. Wise spending involves buying what suits your needs.

[Versatile_choice]

cheap things often cost more later. low quality breaks fast so you end up buying again same idea in crypto chasing cheap coins can hurt more in the long run

I like this reference you gave here, yes it's just like in crypto when you invest into shitcoin the price might go up that initial time but within a short period of time it falls back to the entry value why some might just get dumped in the process. The truth is that cheap things easily fade away, I know some cheap product do last for a longer period but they are very rare, although all fingers are not equal but even as that if we can't afford the money to buy expensive things we should try to accumulate I mean saving up even though it is going to take some time but it's better than buying cheap product that will later get spoiled and still went to get another one, that money you're using to get another one could buy the original one if you had waited to save up for it.

[Abdulzuruku01]

Do you know that quality goods are very expensive to afford and only the rich can afford them. There's nothing bad going for a cheap stuff that can serve you for a while, because nothing is guaranteed to last longer. I could remember way back when I was still a teen, buying television was somehow, expensive because it was coming directly from the US. The moment China flooded their products in my country, it was far cheaper than that of the US imported television but still the TV was working perfectly and lasted long enough.

Expensive stuffs also last longer only when you maintain it and honestly speaking I prefer buying expensive products than that of cheaper price because if you are the type of person that always like stuff with cheaper price, then there is higher chances that you might be unlucky or stuff may not reach your satisfaction. We need to be careful because there are some companies that use quality stuff to advertise which is quite different from what they're selling.

In times of company or brand considerations, you should avoid product from unpopular brands, reason been that, there is much assurance in popular brand than that of the ones you are not always see, and it's easier to understand and adapt with product from popular brand or company.

[Faisal2202]

It can also affect the economy as a whole, as local industries will struggle to compete as a result of cheaper alternatives.

When we see cheap goods, we should also see a red flag!

There are different kinds of quality and there is demand of every single one, there are people of different classes who can't afford high quality items so they buy the ones that are in their range and it is not illegals in my places unless the company is specificing things for the buyers that they are buying this item because they can only buy this mean they should not be advertising that item as their top quality one.

Because they are not charging the same money, there are also some greedy people who charge full for a quality item but they provide fakes and they should be punished severely with a fine and a year in prison too.

[barbara44]

I remember the guy from Tiktok exposing the cheaper luxury items that the luxury brands importing from China. The labor costs cheaply and upon applying the tag and label of these brands from their mother countries, the price becomes staggering expensive because that's what people are paying for. They feel the premium by paying expensive amount and that's how the luxury industry works. But there have been I think some counter statements from these luxury brands that whoever has exposed the cheap labor and materials are just fake to destroy their names.

The truth is that most expensive item are of significantly better quality than cheaper item. However, it is true that we are paying a pretty hefty price for products labeled as premium and luxurious. We are not just buying quality, we are also buying the brand, the advertising cost and the scarcity created by their product strategy

There are many hidden aspects behind supplier and brand agreement, designed to conceal the true value of the product. But that is business and as consumer, we only have the choice to buy or not.

Back in the day, those "expensive" luxury items where luxury because of a reason, you would buy them and use them for 10+ years and it would still look brand new. Nowadays they are just getting it made cheap in China like everything else, and it crumbles down in a couple of years.

So there is really no reason left to buy those expensive luxury items anymore. I would still pay premium, even as a poor person, if there was a luxury item that could be like the old times, but these days they do not exist. It would not be something that would make sense to me to spend that much money on just a logo if the quality of the item is the same, so we should not consider this as something that would be possible to sustain.

[passwordnow]

Not at all. There are a lot of cheap goods that can also have good quality. This depends on the usage that we'll do with those goods. While I also like the more expensive ones because it means better quality. But, that doesn't apply at all times. These people are also businessmen and they know this logical thinking from the consumers that whenever something is more expensive than the other ones, it's more sturdy but not in all cases.

Having cheap things is also an advantage, and one of the reasons why we have cheap items is to make life easier when you cannot afford the quality ones at the moment. Cheap items are used as temporary solutions when you can't afford the quality ones; instead of being stranded, it is better to get the cheap option to get the job done, and later the quality one can be bought. Some people always get it wrong, as their preference for cheap items leads them to choose them even when they can afford the quality options.
Whatever is of quality and has value will always yield good and lasting results. It is very wrong to think that cheapness is all about saving some amount of money; the truth is that cheap things will definitely make you spend more in the long run. When you rely on them, it can reduce the quality of your brand.

Well, many of the products that are cheap surely are non quality but you're right. If we can't afford to expensive one, we purchase these low quality ones if we need it for some use and we'll only use it for a few times. Depending on the use and that's how we're trying to make the quality products into our hands when we need it, if we can afford it we pay. But, if we cannot afford them then we pay the cheaper ones.

[Lembo69]

Back in the day, those "expensive" luxury items where luxury because of a reason, you would buy them and use them for 10+ years and it would still look brand new. Nowadays they are just getting it made cheap in China like everything else, and it crumbles down in a couple of years.

So there is really no reason left to buy those expensive luxury items anymore. I would still pay premium, even as a poor person, if there was a luxury item that could be like the old times, but these days they do not exist. It would not be something that would make sense to me to spend that much money on just a logo if the quality of the item is the same, so we should not consider this as something that would be possible to sustain.

There is only deception in the name of luxury, even the famous and expensive brands are fake in everything. Some unscrupulous businessmen try to sell only by putting the tag of their own country. I will never buy something that is luxurious but which is not in demand at the present time. However, there are some old model cars that are old but are more expensive than the current models. The price of something that has no value today may increase tomorrow. But that thing should also be such that as the days go by, people will also demand it. Currently, the price of all the things that are expensive in the world market may be such that at some point people will not have any demand for them. So never buy something that does not increase in value. It is good to keep one thing in mind along with the price, not everything that glitters is gold.

[Swordsoffreedom]

cheap things often cost more later. low quality breaks fast so you end up buying again same idea in crypto chasing cheap coins can hurt more in the long run

I like this reference you gave here, yes it's just like in crypto when you invest into shitcoin the price might go up that initial time but within a short period of time it falls back to the entry value why some might just get dumped in the process. The truth is that cheap things easily fade away, I know some cheap product do last for a longer period but they are very rare, although all fingers are not equal but even as that if we can't afford the money to buy expensive things we should try to accumulate I mean saving up even though it is going to take some time but it's better than buying cheap product that will later get spoiled and still went to get another one, that money you're using to get another one could buy the original one if you had waited to save up for it.

I find this comparison meaningless because they are two completely different thing.

I'm not saying that cheap product are high quality, but remember that no matter how good a product is, if it is used incorrectly and carelessly. It will also break down quickly. Conversely, cheap goods, if used carefully ,can still have their lifespan extended. The lifespan of a product is sometimes determined not only by its price but also by how we use it.

I have no advice on whether to buy cheap or expensive goods, as that depend on each person's financial situation and need.

[henmark]

Not everyone can afford to buy expensive things because everyone's economic situation is not the same. But people live a luxurious life just to show off. They see expensive things as a manifestation of their nobility. It is not possible for those who are poor to buy expensive things. We see in a society The money that the rich spend on buying shoes or expensive phones can cover the expenses of the poor for months or years. And cheap things do not mean that they are bad. There are many local products that provide very good services at low prices.

I think the topic isn't about luxurious things and normal things, it's about cheap alternatives of some products that smaller and mostly copying companies create to exploit the bigger market where people want to buy cheap products because they want to save money on things. For example, if you want to buy an LED bulb, you go to the market, and you find out that there are two types, one is a bit expensive, and the other one is cheap.

Now, if you go for the cheap one, you might have to go back and buy another one very soon because it won't have the same long-lasting quality as the one that is a bit more expensive, so you will still need to spend more money than you would if you were to buy the expensive one at the beginning.

So, this is not about mobile phones, cars, cloths, and other stuff like that, because we know that these things can have different variants and different prices, and cheaper ones won't always be so bad, but we are talking about other products where companies deliberately create fake and low quality products because they know there are so many people who would prefer their products against the expensive ones, but there is always a very big difference in quality.

[summonerrk]

Everyone loves a good deal, as a matter of fact, everyone loves to maximize utility, but cheap is rarely truly cheap.

When you buy cheap goods, here's what you also purchase;  lower quality materials, which will cost you more when you replace them, cheap production can also cause environmental degradation.

Furthermore, workers are likely to have underpaid wages, as a result of wanting to minimize overhead cost.

It can also affect the economy as a whole, as local industries will struggle to compete as a result of cheaper alternatives.

When we see cheap goods, we should also see a red flag!

This trend applies to everything that is on the markets and implies that goods and services should not be cheap, but their price should be consistent with the quality. But this does not mean that you always need to buy only the most expensive goods. This is also wrong. If someone buys a shirt from Hermes for 3,000 euros, then this is solely for the purpose of demonstrating their well-being and in no way the practicality of this product. Ordinary people buy shirts for $30 and can wear them all their lives, because they are made of high-quality cotton and with excellent seams.

[Fiasem20]

When we see cheap goods, we should also see a red flag!

The honest truth is that humans loves cheap goods,you might have more than enough money but this human sense in you won’t allow you purchase a costly product when there’s same product at a cheaper rate.But nevertheless,not all cheap products are tagged with a bad quality,you might purchase a product at a very high price only for you to get home and discover what you ordered is fake,such is life.Most times,it’s not about the price tag,you just have to find yourself a legit plug where goods and services are negotiable,they might not be negotiable as well but endeavor you’re purchasing an original product.

[Sammye3]

Prices grades demands and supply, some certain goods perked at a high price won't reach to the majority of people who can't afford it, the supply of such goods then gets stuck to the rich minority who are capable of purchasing the products, but the demands from the majority who wants that product never stops coming, giving an avenue to the counterfeit industry, one of the most successful industry in the history of economics, they now tend to make a replica of the same product to feed the ego and expectation of the majority that can't afford the original product, for a lesser price, thereby making more profits from selling low quality products to the masses.

This is a strategic business for the minority industries at the expense of the lives of consumers- for consumables. Providing services that the rich would enjoy and rendering to the poor for a lesser amount is a win-win situation and that way we would have less counterfeit in circulation. This world is fair world and most basic amenities should be made available for the poor masses in a considerable amount, that would drastically reduce the rate of poverty in a country.

[goldkingcoiner]

Everyone loves a good deal, as a matter of fact, everyone loves to maximize utility, but cheap is rarely truly cheap.

When you buy cheap goods, here's what you also purchase;  lower quality materials, which will cost you more when you replace them, cheap production can also cause environmental degradation.

Furthermore, workers are likely to have underpaid wages, as a result of wanting to minimize overhead cost.

It can also affect the economy as a whole, as local industries will struggle to compete as a result of cheaper alternatives.

When we see cheap goods, we should also see a red flag!

All things are fluctuating in value. The true skill is the ability to perceive when something is overvalued or undervalued.

Let's talk about the housing marketing in a place like China. They built too much real estate and the truth is that the demand just is not there. They thought it would be, but it is not. So those buildings stand alone, uninhabited, unused and slowly turning into ruins because it is not even worth taking care of them. Did all those people who invested into the real estate market think about this? No. They just saw the prices going up and decided to jump on the bandwagon instead of analysing the actual demand.

[Youngrebel]

This is a strategic business for the minority industries at the expense of the lives of consumers- for consumables. Providing services that the rich would enjoy and rendering to the poor for a lesser amount is a win-win situation and that way we would have less counterfeit in circulation. This world is fair world and most basic amenities should be made available for the poor masses in a considerable amount, that would drastically reduce the rate of poverty in a country.

Counterfeit product has become the most common thing see in society today because original product are now way to expensive for the common man to afford and it’s really affecting us because it’s just as if this producers focus on just the profit they are to make and they don’t care about the financial status of the consumer and the poor and thats why we are left with no other option that to settle for fake or low quality products which most of them are dangerous to our health.

[Royal Cap]

I would say that not all cheap things are bad. Sometimes people pay more for the brand, not for the quality. Especially now in the online market, the same thing is available at different prices, only the label is different.  For example if you find the clothes that are available in the brand showroom in our country for $20, if you buy them from the local market by checking the quality, you can easily get them for $3-4.

However one thing is right, if you see something very cheap, you need to be a little careful. I once bought a TWS at a very low price, it did not last even two months. So in the case of electrical products, I will prefer the brand because there is a matter of after-sales service, which is not the case with local and non brand products.

[fuguebtc]

I would say that not all cheap things are bad. Sometimes people pay more for the brand, not for the quality. Especially now in the online market, the same thing is available at different prices, only the label is different.  For example if you find the clothes that are available in the brand showroom in our country for $20, if you buy them from the local market by checking the quality, you can easily get them for $3-4.

However one thing is right, if you see something very cheap, you need to be a little careful. I once bought a TWS at a very low price, it did not last even two months. So in the case of electrical products, I will prefer the brand because there is a matter of after-sales service, which is not the case with local and non brand products.

Not all cheap things are bad. But most of them are bad, and their quality will never match that of expensive, branded product. It is rare to find something inexpensive that can offer the same quality as something expensive

Even with clothes, at first glance you will see that they have similar color and style. You might think they are the same, but in reality, the fabric quality and meticulous stitching will be very different between them. Expensive clothing is usually better made, has a better fit, is more durable, and is more comfortable to wear.

And I think that is true for all other types of goods and products as well.

[bitgolden]

I find this comparison meaningless because they are two completely different thing.

I'm not saying that cheap product are high quality, but remember that no matter how good a product is, if it is used incorrectly and carelessly. It will also break down quickly. Conversely, cheap goods, if used carefully ,can still have their lifespan extended. The lifespan of a product is sometimes determined not only by its price but also by how we use it.

I have no advice on whether to buy cheap or expensive goods, as that depend on each person's financial situation and need.

That is not the part I disagree with, while I do disagree with them like you, I disagree because I decline the fact that "expensive stuff are higher quality". That is not always true, while it might be true at sometimes, it is not always true.

I agree that they also get cheap products and slap a label on them and sell them for more. We have seen Europeans use Asian sweatshops to make their products and then sell them for higher, it has been a common thing for decades now.

[SOKO-DEKE]

When we see cheap goods, we should also see a red flag!

The point is that not all cheap things are red flags. Some cheap products still have quality, and we should compare them with certain expensive products because sometimes the difference is only small. In fact, some products are expensive because of their packaging, not necessarily because of the quality of the product itself.So, let us not misunderstand and think that every cheap product is a red flag. Take products from China, for example, and compare them with products from other countries in terms of cost. It is clear that Chinese products are often cheaper, not because they are low quality, but because labor is cheaper there due to the high population. When labor costs are low, the cost of production also becomes lower.Sometimes, people are brainwashed into thinking that only expensive products are of high quality, but that is not true for all products.

[Bushdark]

Everyone loves a good deal, as a matter of fact, everyone loves to maximize utility, but cheap is rarely truly cheap.

When you buy cheap goods, here's what you also purchase;  lower quality materials, which will cost you more when you replace them, cheap production can also cause environmental degradation.

Furthermore, workers are likely to have underpaid wages, as a result of wanting to minimize overhead cost.

It can also affect the economy as a whole, as local industries will struggle to compete as a result of cheaper alternatives.

When we see cheap goods, we should also see a red flag!

Your explanation is a bit fair and not everything that is cheap is inferior. You can buy something cheap by the road side and when you go to a shop to buy that same thing, you might buy it more costly than the amount you bought it at the road side.

For goods to be cheap does not mean that the quality is low. When the cost of product is cheaper, companies would want to sell their products cheap so that they can get more customers and market their products quickly and the companies that set their own products higher may be because their cost of production is higher than what other companies are spending to produce same goods.
There is no way you are going to buy something costly and sell it cheap, this may not work at all.