Speaking as an 'old fart', I can honestly say that, yes, I am a cheapskate. As a result there are things that I buy, and things that I don't buy. I will pay $40-$50 for a game. Spending $12 on an adventure on the other hand is a lot less likely, it just won't get used enough.
On the other hand, I have quite a collection of $15 - $25 supplerments like the Quintessential series by Mongoose and the Legends and Lairs series by Fantasy Flight, and have almost certainly spent more on this kind of gaming material than the others combined.
And I will admit, I actually prefer high quality black and white for my gaming books over equal quality color. But that's just me, looking at the art books I own most are b&w line art...
When making a gaming purchase I don't compare it with a book, dinner, or movie (I do compare it with a computer game, much the same price range), I ask myself how many hours do I think I will play this ? (Or enjoying reading it for that matter, time spent with the game is time spent with the game.) I even used to have a formula that I would use... Number of hours spent with item times enjoyment on a scale from 1 to 10, divided by the price rounded to the nearest dollar... That's what I call 'old school gamer think', all it needed was a roll on a table...
Seriously, the main thing I miss about the old, low priced, lower quality stuff is the impulse buying I used to be able to do. Now I have to set the money aside, and plan the purchase. Not to mention finding out if anyone else wants to play before hand. (I bought B5 even though my group is really not into SF.)
For that reason I would like to commend the Power Class series by Mongoose, inexpensive and frequently used! And yes, they were most definetly 'impulse buys', at least at first. (It doesn't count as an impulse buy if you know full well that you are buying all of them...)
But for the most part impulse buying has faded with the rising prices, at least for the gaming books. Miniatures on the other hand...
The Auld Grump, annoying players since 1976, and annoying dungeon masters since 1975!