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FORUMS Canon Cameras, Lenses & Accessories Canon EF and EF-S Lenses 
Thread started 27 Dec 2010 (Monday) 08:51
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How to do people afford some of these lenses...

 
Dr.Pete
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Jan 01, 2011 18:57 |  #301

grant247 wrote in post #11554340 (external link)
L's are have the best ROI of any photographic equipment. You gotta have the dough to take advantage but ain't that the way money games are played.

So far, my L lenses have absolutely horrible ROI. I've made about 50 bucks selling photos taken with L glass. If you're not a professional, L glass is hardly an "investement."


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arctic-char
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Jan 01, 2011 19:54 |  #302

sloanbj wrote in post #11544538 (external link)
When considering your hobby spending you might consider what is an appropriate fraction of your income. If you are like most people and pay 20% tax, 25% housing, 15% savings, 20% food and clothes, etc then something like 1% of your salary on hobbies seems a reasonable max (assuming your finances are in otherwise good order - and no other hobbies). $100,000 salary = $1000/yr on camera gear

If only 20% on tax. How do you manage that living in Oz?




  
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Tom ­ W
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Jan 01, 2011 19:56 |  #303

Dr.Pete wrote in post #11554719 (external link)
So far, my L lenses have absolutely horrible ROI. I've made about 50 bucks selling photos taken with L glass. If you're not a professional, L glass is hardly an "investement."

I can't argue with that. The only lens that ever netted me a profit was a 50/1.8 Mk I metal mount that I got used for $70 and sold for $135 a year or two later.

Generally speaking, I buy lenses with the intention of keeping them. That doesn't always work out, but it's good to know that the "L" lenses do hold a larger portion of their price than most. Although, right now, the economy isn't producing what I'd call a seller's market.

Regardless of all that, I enjoy the hobby and rare paying gig, and I am not inclined to give it up any time soon.


Tom
5D IV, M5, RP, & various lenses

  
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WhyFi
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Jan 01, 2011 20:06 |  #304

If it's something that I'm going to use...
...something that I'm going to enjoy...
...and something that's built to last...
I don't have a problem spending money on it, even if it means a little bit of saving or redirection of discretionary funds to do so.


Bill is my name - I'm the most wanted man on my island, except I'm not on my island, of course. More's the pity.

  
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sf_loft
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Jan 01, 2011 20:07 |  #305

Photography is a serious hobby for me and having a high paying day job helps. Even so, I still think about each purchase and if I don't think that I'll be using a particular lens very often, I would rent it and not buy. I currently own 5 L glass which are fully insured against theft & damage through State Farm's personal article insurance. It's pretty cheap in that it is $10 per $1000 of equipment owned per year. So I pay $100 / year for $10k worth of equipment.


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TeleFragger
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Jan 01, 2011 20:32 |  #306

Dr.Pete wrote in post #11554719 (external link)
So far, my L lenses have absolutely horrible ROI. I've made about 50 bucks selling photos taken with L glass. If you're not a professional, L glass is hardly an "investement."

my wife goes to people place for our pictures... canon 40d and 28-105 lens... $150 lens and they are making a killing... lines out the door... so it sometimes is not just the equipment....

my only L was bought more due to i had the cash and missed an oppertunity to buy a quadzilla 500... so had cash and needed a good walk around lens... since i dont sell pics... it is tough for me to choose to pay that much for a lens... my 18-55 IS got me some really good pics for xmas that would have been great for cards and the sort.....

sf_loft wrote in post #11555082 (external link)
Photography is a serious hobby for me and having a high paying day job helps. Even so, I still think about each purchase and if I don't think that I'll be using a particular lens very often, I would rent it and not buy. I currently own 5 L glass which are fully insured against theft & damage through State Farm's personal article insurance. It's pretty cheap in that it is $10 per $1000 of equipment owned per year. So I pay $100 / year for $10k worth of equipment.

good to know.. im going to have to check into this.. i get soooo worried with my equipment laying around while im trying to have a good time...


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botw
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Jan 01, 2011 22:43 |  #307

Dr.Pete wrote in post #11554719 (external link)
So far, my L lenses have absolutely horrible ROI. I've made about 50 bucks selling photos taken with L glass. If you're not a professional, L glass is hardly an "investement."

But they don't depreciate as fast - so your negative ROI can be better. :D I actually made some cash selling some lenses bought just a short while before all the prices went up.

[Dr. Pete - checked your site (really nice stuff) and realized we are probably neighbors. I'm in Potomac - and know several military docs in the area... several of whom like to tell tales of giving themselves IV's from combat medkts after heavy drinking bouts - but maybe that's just the Navy guys...]


www.gc5photography.com (external link)

  
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Fernando
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Jan 01, 2011 23:59 |  #308

smorter wrote in post #11552626 (external link)
I pay all my dues and bills etc. (though this is an unrelated matter and disrepectful to me to suggest I don't value my upbringing or financial support from my parents)

What I meant was I didn't have to fork out 20K or whatever a year to stay at college because I live at home.

But yeah my parents have never given me a cent towards photographic items nor ever given me a photographic related present.

So your folks charged you rent? Then I retract my statement.

I was going by what you wrote, not what you meant as I'm not psychic.


Fuji convert - Ping me if you have any Fuji gear or legacy glass you're moving.

  
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E.o.s
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Jan 02, 2011 00:38 as a reply to  @ post 11554340 |  #309

Thanks to O% interest finance.


1D Mark 4,5D Mark2, 70-200 F 2.8 II L,70-200 F4 IS L 85 F1.2 L 24-70 F2.8 L 50 F1.4 + Talent

  
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Jericobot
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Jan 02, 2011 01:41 |  #310

E.o.s wrote in post #11556312 (external link)
Thanks to O% interest finance.

Your sig list gear is on credit? I hope your making some from it


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KVN ­ Photo
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Jan 02, 2011 02:34 |  #311

E.o.s wrote in post #11556312 (external link)
Thanks to O% interest finance.

I won't have 5D II, L lenses, fancy tripod, and all this stuff if there is no 0% interest finance. This is the best think ever happened to this world.


X-Pro1 + 18-55 f/2.8-4 OIS + 55-200 f/3.8-4.5 OIS
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Travel the world!

  
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Zerimar
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Jan 02, 2011 02:42 |  #312

you only need 1 kidney....


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Darkarchangel
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Jan 02, 2011 03:56 as a reply to  @ Zerimar's post |  #313

Like zerimar said 1 kidney and you can buy a couple of 5Ds and some nice L glases.


Canon T1i Gripped, Canon 7D Gripped, 15-85 IS, 55-250 IS, 50 EF 1.8, 60 EF-S Macro, 24-70L f/2.8, 70-200L f/2.8 non IS, Speed lite 430 EX II
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Dragos ­ Jianu
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Jan 02, 2011 04:10 |  #314

meh, kidneys are overrated




  
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oldcanon
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Jan 02, 2011 05:43 as a reply to  @ Dragos Jianu's post |  #315

I made the mistake of buying cheap and buying often until I gave up and started buying L glass.

Having owned 5 L lenses at various times I've now got to my end-point which is to have only 2, the 100 LIS macro and 70-300 LIS zoom (Plus a 17-55 f2.8 ES for portrait and landscape work).

I've made all my purchases funded by sales of my pictures + trading my L lenses (some of which I purchased used and got 100% of purchase price back in trade-in! )

I had to do this as I'm on a pension which restricts spare cash but if I was starting out again then the "used L Route" would be the one I would follow as I reckon it saves money in the long run




  
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How to do people afford some of these lenses...
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