@cleeds 1+ He is also talking about a different crowd.
Live music will never change. Having that thrill at home is very important to a significant part of the population. Not as important as a TV to everyone else. Mid Fi has morphed into Theater Fi. But Hi Fi did not go anywhere. We are still here and our younger generations know what is possible and will follow suite. My son in law is already getting started with his system and building his own subwoofers. This is anecdotal but the increasing sales of records and turntables is not. High end Hi Fi has never been a huge market but I do not think it is going anywhere. You do not need to buy "luxury Audio" to get SOTA performance. Modern tech is bringing higher levels of performance downstream. It is never going to be cheap. If it is important enough to you, you will be able to afford it.