Hmmm...
good candidates for 'you get what you pay for' (feel free to disagree):
-Guns
Yep... prefer the value involved. Not many things today have the same cost/value ratio
-Real Estate
We're on a land contract for our fist house right now, so I can't really say
-Livestock
No experience
-Belts
Yep... a good belt is worth every penny...
-Computers
Nowadays, yes. For awhile there though, no way
-Furniture
Oh yeah. I've seen WAY too many pieces of cheap stuff fall apart...
Some things that you don't get what you pay for (feel free to disagree):
-Clothing
Have to argue there. Of course, I only get things like jeans when I can have my wife pick 'em up cheap at work (wearing a pair of Nautica right now: VERY well made, paid lilke $15)
-Food
Depends on where you go. BTW: the BEST steak I ever had was a tenderloin in Thailand. Roughly 12 ozs, $5
-Automobiles
No arguement there...
-Watches
Pretty much. I collect pocket watches though...
-Entertainment (Movies, musis, etc.)
Don't go there... absolute rip-off for the most part
-Hair Cuts
Sorry... against my religion
Musical instruments are another bad value. I remember Gibson Les Paul Customs for $1500 list, and Studio models for $500-$700. Now the Studio models are going for $1500-$2000