It's always dangerous as a retailer to weigh in on this debate, but having first hand experience and being at the coal face, I feel my 2c worth may be relevent.
All costs have gone up. Rent has gone up. Wages have gone up. Cost of living has gone up. BUT, Quality has gone up. Performance has gone up. Look at the cost of living
Just grabbed this off the net.
Expenditure class Ten year increase (%)
Tobacco 218.1
Electricity 100.9
Medical/hospital services 78.8
Gas/household fuels 75.6
Child care 75.1
Secondary education 66.8
Water and sewerage 66.8
Property rates and charges 63.6
Preschool/primary education 55.8
Other services/motor vehicles 55.8
You can still buy brand new kites for well under $2K if you are happy to buy last years model and I'm talking top tier brands! It seems people have lost their minds for the newer technology kites which can cost as much as $4000. The average kiter doesn't need the super shiny latest wizz bang kite. The tried and tested standard construction will last for three years in good performance before stretching and sun damage starts to take effect. You will certainly get another 2-3 years before you start to experience problems. New valves and bladders are available to keep them going if you don't want to upgrade, but by this time, the kite and bar is starting to become uneconomical to repair compared to it's second hand value on the market.
Kites last longer, lines no longer stretch and break if buying premium quality stuff, TT boards rarely ever break, even surfboards last years now. We used to sell dozens and dozens of twin tips every season, but now we just sell straps and pads to people still riding boards from 2014 onwards.
I don't know anyone in our niche industry that is getting rich from kiteboarding. Most are barely making ends meet which is why you see so few big stores and its why so few smaller retailers last more than 5 years. There are much better ways to make money.
The good thing is, today you can buy a kite setup that will perform in extreme conditions and hold its shape and deliver incredible performance, and continue to provide excellent service for years to come. State of the art safety systems that work effectively under all loads, lines that barely stretch canopies that don't stretch, kites that don't jellyfish.
It's easy to forget just how bad the kites and boards were. If you need a reminder, I have a selection of old kites you can come and try, all in good condition. I had grand romantic nostalgic memories of how amazing the kites were back in the day. Until I flew one again. They were horrible! Heavy on the bar (Tennis elbow), dangerous or non existent safety systems that wouldn't work under load or pins that would bend under load, kites that were hard to turn, unstable at Zenith, pulled deep downwind, were stall prone when deep in the wind window, very little depower and stitching that would blow out on the leading edge if minced in a wave. Perspective people! Don't even get me started on harnesses, how they would ride up over and crush your ribs.
Be thankful and grateful for the unbelievable performance, comfort durability and safety of the current gear, it truly is amazing, especially when comparing it to gear of just 10 years ago and even more so 15 years ago. When compared to other areas of living, our sport is no different, just better.
DM