Agreed. While we're clearly not as rich as you or the top commenter on Quora, we're definitely in the "not really limited in purchasing" category of wealth. Sure, we can't just up and buy a second home, but we are definitely of the "just buy that nice mid-range car you want, in cash" category.
There is a third way to deal with the loss of excitement of buying -- not just buying 10x, or buying nothing, but engaging in the thrill of the hunt. Instead of expensive off-the-shelf commodities, rarer things. They don't have to be expensive.
Ex: I spent 6 months off and on looking for the right medicine cabinet for the bathroom in our "new" 265-year-old house. The new cabinets I saw at all the home stores looked cheaply made, or too cold, or too glam. I ended up finding a barber's cabinet with an extending mirror-door… super cool, not really unique but certainly not something you'll find in anyone else's house, from probably around 1910, just like the other piece of furniture we put in the bathroom (a dental cabinet made of solid quarter-sawn tiger oak).
It wasn't that expensive as far as medicine cabinets go ($300 — you could easily spend that at Home Depot on some poorly joined piece of crap from Indonesia). But it was an extremely satisfying way to spend not a lot of money. It's just perfect for the room, for the house, and it really did take a lot of looking and digging and strategizing to get it. It makes me happy every time I look at it.
That's the joy of collecting. You don't have to spend a lot to get the joy, either. I love old cameras ($20-50/ea) and West German art vases ($10-100/ea) and paintings by a certain pair of California impressionists ($80-300/ea). It's fun to be always on the lookout. And as far as thrills go, it's a lot cheaper than 5-star restaurants, and the result (ownership) and the experience (the hunt!) lasts a lot longer. There aren't a lot of meals that you can enjoy every time you sit in a certain room, but that's how often I enjoy a small painting I won in an eBay auction.
Teach yourself to enjoy the hunt and enjoy deal-making and you can get a lot more out of your money at any income level middle-class or above.
EDIT: It also gives you room to overspend for things that are "unreasonable." For example, I want some cabinets made for my living room. I don't like the off-the-shelf options. So instead I am taking woodworking classes and hiring one of the teachers to help me plan and build the cabinets at $60/hr. This will end up costing 2-3x what a cabinet would cost at Crate & Barrel, and take a lot longer than if I simply hired a professional (esp. considering my time), but I will get exactly what I want and have the pride of having made it (with help). The whole experience & result will be a lot longer, more joyful and challenging than outright buying what I can afford. Still, spending $2000 to $3000 on a built-in wall unit isn't even remotely in the same category as collecting cars.
I'm surprised there isn't any answer to this, after seeing the heavy (and undeserved) criticism to Dustin Curtis for his post, The Best: http://news.ycombinator.com/item?id=4755470
Probably because I don't describe what I buy as "the very best," which implies some kind of universal judgment. And I think some people reading his essay think he sounds self-congratulatory. I don't think that anyone reading my comment would take it as anything other than an entirely personal pursuit.
Ex: back when Dustin was shopping for pans, he tweeted something like "What's the best cookware?" and I responded that he had to answer what "best" meant for him, because there are many "best" pans — some are the easiest to clean (non-stick), some are the most beautiful (copper), some are the most durable (Le Creuset), some are the most versatile (copper pans can't be used with tomato sauce, you know), some are the best at creating even heat dispersal (cast iron). No pan is the best in all categories. IMO there is no such thing as "best". The world is too complex. And even then some people would say that a wok is easier to "clean" than non-stick because you never use soap; some people don't think copper is the most beautiful (although I do), etc., etc. Like I said… complex.
I've got no illusions that I have "the best" of anything. I may say something is "Perfect for the room" (as I did about my new medicine cabinet), but that's deceptive because there are many things that are "perfect" for the room. They create different effects. I swapped sofas because one was sagging and I was shopping for possibilities without something particular in mind and found several totally different sofas that would have been awesome. I picked only one of them. It's perfect for the room. So would have the other one I liked best.
Looking for "the best" sounds like it could eat up your entire life. I'm positive there are better medicine cabinets out there, even for my purposes. But I didn't find one, and it won't keep me up at night. I had a blast and I love the one I found (and negotiated for).
There is a third way to deal with the loss of excitement of buying -- not just buying 10x, or buying nothing, but engaging in the thrill of the hunt. Instead of expensive off-the-shelf commodities, rarer things. They don't have to be expensive.
Ex: I spent 6 months off and on looking for the right medicine cabinet for the bathroom in our "new" 265-year-old house. The new cabinets I saw at all the home stores looked cheaply made, or too cold, or too glam. I ended up finding a barber's cabinet with an extending mirror-door… super cool, not really unique but certainly not something you'll find in anyone else's house, from probably around 1910, just like the other piece of furniture we put in the bathroom (a dental cabinet made of solid quarter-sawn tiger oak).
It wasn't that expensive as far as medicine cabinets go ($300 — you could easily spend that at Home Depot on some poorly joined piece of crap from Indonesia). But it was an extremely satisfying way to spend not a lot of money. It's just perfect for the room, for the house, and it really did take a lot of looking and digging and strategizing to get it. It makes me happy every time I look at it.
That's the joy of collecting. You don't have to spend a lot to get the joy, either. I love old cameras ($20-50/ea) and West German art vases ($10-100/ea) and paintings by a certain pair of California impressionists ($80-300/ea). It's fun to be always on the lookout. And as far as thrills go, it's a lot cheaper than 5-star restaurants, and the result (ownership) and the experience (the hunt!) lasts a lot longer. There aren't a lot of meals that you can enjoy every time you sit in a certain room, but that's how often I enjoy a small painting I won in an eBay auction.
Teach yourself to enjoy the hunt and enjoy deal-making and you can get a lot more out of your money at any income level middle-class or above.
EDIT: It also gives you room to overspend for things that are "unreasonable." For example, I want some cabinets made for my living room. I don't like the off-the-shelf options. So instead I am taking woodworking classes and hiring one of the teachers to help me plan and build the cabinets at $60/hr. This will end up costing 2-3x what a cabinet would cost at Crate & Barrel, and take a lot longer than if I simply hired a professional (esp. considering my time), but I will get exactly what I want and have the pride of having made it (with help). The whole experience & result will be a lot longer, more joyful and challenging than outright buying what I can afford. Still, spending $2000 to $3000 on a built-in wall unit isn't even remotely in the same category as collecting cars.