Shoes and quality, ill give you that. Clothes? Eh, I mean if were comparing Old Navy shirts to Nike products then yeah. Even high end designer clothing is just expensive cause of the name. And designer wallets, well LV anyway has great quality. This leather is going to last a lifetime. Its not going to hold money better but expensive jeans wont make it more comfy for you walking around all day than a pair of ON ones.
The only reasoning I have for purchasing my LV wallet is that im always going to have it/use it. Its not like $400 sunglasses that ill wear once or twice a week, I will literally have my wallet on me anytime im not at home. Thats how I reason it, and cause I like it. Simple.
Its like headphones, someone will post a pair of Beats and people will knock on em for it, not worth it, etc etc. Who cares. Let em cook.