Someone commented that clothes are an investement....?

Question

so what is the return rate on that investment? Say you spend $200 on a pair of Prada pants....how much do you get when you cash in on that investment?

Sorry peeve of mine when ppl say materlistic things are investements.

shoot should have posted this in business where people deal with real investments

sadly this is a semi-serious question. One person just posted that and I hear it all the time and want to scream!

Answer 1

Okay, If I'm understanding you correctly you don't think material things can be investments? For generations people have made fortunes off of investing in material things. Gold, Silver, Houses, Luxury cars, Jewelry as well as clothes. If there's a buyer or collector out there for it you can make a profit , which in turn then makes your purchase of that item an investment.

Just like any other investment, if you do your homework correctly, it can cash in for you big time. For example: say your mom purchased an Emilio Pucci dress back in the 1960s for lets say....$80. Try and sell that dress today and you'll make about 10 to 15 times that amount. Who can argue that's not a return on an investment?

The house of Prada has been a long standing fashion cornerstone for decades. Depending on what style the pants are, how popular they are/were (ie- was there a waiting list? were they photographed in practically every magazine?), how well you take care of them and when you try to "cash them in" will determine their net return in the long run.

Big designers like Marc Jacobs have built their empire on the vintage clothing look. Vintage clothing shops are making hand over foot in profits because the market is "up" so to speak on vintage clothing. Find the right piece to invest in and in time you too could cash in on the big wave!

-pam
proprietress~resident stylist
Parkerhawn Incorporated
Designer Find & Vintage Treasures
online @ http:www.parkerhawn.com

Answer 2

Clothes can be an investment, though the analogy is somewhat tenuous. Consider for instance, a young woman going on a job interview at a Fortune 500 company. Every detail of the woman, down to her shoes will be judged. Buying a well tailored suit, fine shoes and a classic bag will go far in the minds of the woman's potential employer's and may perhaps mean the difference between the woman and someone else, wearing an obviously cheap suit, getting the job. If you invest a little money into your appearance, at least under these circumstances, and perhaps several others, you may in fact see a return on your investment in the form of a better paying job. You dress for the job, or the position in life that you want, and not the one that you have. Though I do agree that it is unnecessary to spend $200 on a pair of pants; $150 would be more than adequate. Also, classic, well made clothing, which tends to be more expensive, lasts longer, both in terms of wear and tear and in terms of style.

Answer 3

I agree with you. Technically speaking, clothes are NOT an investment. Some people may say clothes are an investment in themselves. For example, whether you like it or not people judge others by looks first. If two fully capable, equally qualified people are applying for the same job, and one has a nicely pressed Armani suit and the other a ragged, hand-me-down thing from the 70s--who is going to get the job? I guess if you look at it that way, clothes (along with proper hygiene) could be an investment.

Answer 4

I wasnt the person who commented but I think they mean that in a diffrent way. Like say you spend 200 dollars on some Seven Jeans (btw prada shoes are usually more expensive or theyre not real) then they last longer, you are saving money by not having to buy pairs and pairs and pairs. They also might mean that in teh way that if you buy Versace or somehting, eventually it will be vintage and one of a kind, thats a major investment, if you keep it, people will pay ALOT of money for it. Or you can keep it for yourself and be the envy of everoyne around you.

Answer 5

There is no financial benefit in spending lots of money on clothes, it's just paying for the momentary good opinion of people who care about what you have on your body, which is fine. But, in my world, a far better investment in clothes is to shop the thrift stores, so you pay a reasonable amount for what the fashion dupes paid full price for a year or a few months ago and then got tired of. I get lots of compliments on my style and no one can believe I buy used.

Answer 6

A good quality clothing item (usually more expensive than less quality items) are an investment. Say for instance, an expensive rain coat of superior quality serves you longer and retain their original features even after a long period of use, saving you money from buying another one to replace it every winter.

Answer 7

Clothes are not an investment. Shoes can be (Esp. Jordans) if you dont wear them, but I dont think there is a big market for clothes. I think that person is just trying to justify spending so much on designer threads.

Answer 8

you will never get a "return" on a clothing investment. however, i like to tell my husband that by amoratizing the retail price, over time and how often you wear the piece, it pays for itself. i often take old clothes of mine to a resale shop and trust me you will never get out what you paid for a piece(depreciation), but you do get a little something.
some times people feel the need to justify spending money, this would be one of those things.

Answer 9

If I said that, it would have to mean that I depend on the way I dress to have an influence in the workplace. Sometimes the way you present yourself,(fashion-wise) I believe, has a great impact how people respond to you. So yes, in this way it is an investment.

Answer 10

Jewely is an investment. A fur is an investment. Don't think and article of clothing is an investment.