The decision to repair or replace a home appliance depends on the cost of the appliance and the cost of repairs. It may be more financially sound to replace an appliance instead of repairing it, especially if replacement parts are unavailable.
The practice of planned obsolescence for consumer tech and appliances can lead to high costs for consumers, as the lifespan of these products decreases over time. This can be especially frustrating for household appliances that are expected to last for multiple years.
The hosts discuss planned obsolescence and how things seemed to last longer in the past, citing an example of an old refrigerator that lasted for 50 years and could be refaced to keep up with style changes.
The host gives an update about their LG brand fridge and how it has been causing issues for them.
The hosts discuss how the durability of consumer goods has decreased over time, despite offers for extended warranties, and how this affects consumers.
The longer a business has been around, the higher the probability of it being around for another similar duration of time. Investing in such a business with a long-term mindset can yield significant results over time.