Originally posted by Uluru
That is the 1/2 price one would pay for a camera with a prime lens in 1950s, 1960s and 1970s — judging by today's equivalents in $. So indeed, people were paying more for cameras and lenses in decades ago. Plus film, development, etc.
That today Leica is able to do it in half the adjusted price, suggests that world has changed a lot. And also that have been plagued by cheapshots. Is Leica's XVario worth it? Absolutely. Many enthusiast will spend more than $2300 on different cameras and lenses and smartphones in 4-5 years of constant change and "jumping ships", and 1 in 100 of them will ever reflect that all that energy could have been saved if they invested in a good deal from day one.
Some companies attract with low prices, the so-so experience and quality that isn't quite right — and which cannot be for such an asking price. Oftentimes just a little of investment on top of average experience provides much more. And saves money in the long run.
I paid about £250 for a Nikon FE2 and 50mm lens in 1987. Depending on how you calculate it, the cost of that commodity today would be around £600 to £800. The closest Nikon equivalent today would not be less - a D5300, e.g. - and possibly a lot more, in the case of a D610. It would be much, much more capable, thanks to modern electronics, but it would also not be nearly so well made. And on its own, of course, it won't take better photographs. That requires a photographer, always a bit of a problem in these matters.
So then factor in that one would probably go through two or three modern bodies and perhaps wear out one set of modern lenses over the productive lifetime of that FE2. I'm leaving out film costs of course, but then on the digital side you need to add in PC or tablet developing stuff. Suddenly modern electronics don't look so cheap. The problem is that they are simply not built to last and the chances are that they can't last anyway because their components - circuit boards et al - will eventually run out of stock. That is likely to apply just as much to modern lenses, too, with their motors, chips and stabilizers.
One is essentially renting modern digital equipment. The rental cost is the cost new less the second-hand value over, say 3-5 years if you use the item a lot, longer if you don't. And it ain't cheap. In this regard, there are no good deals with modern electronics. In my view, the best modern deal is probably a fairly inexpensive body replaced quite often - you'll have access to newer sensors for a lower overall outlay - combined with classic quality lenses either old or, in the case of Zeiss and co, their new equivalents. MF most likely, the fewest gizmos, less stuff to wear out or go wrong.
For solid value, a film-era 645 (one of the later ones with good metering) in above-average condition and a three-lens set ditto cannot be beat, imho. Provided one is not insanely hooked on digital, nothing new comes anywhere close.