"Need" "want", whatever...now testify!
I'm European and I like expensive American instruments.
I'm lucky that it wasn't cars or boats that became my passion/fetish instead of musical instruments. Oh, I would be in so much trouble.

So since it's guitars and basses. it's possible for me (Norwegian middle class) to get to "the top" (by my definition) in what I own. Currently I think I have about $100k worth of instruments, and all of them happen to be made in America. This has to do with my taste (the instrument that shaped my interest in music) and the quality of the instruments being made. Of course there are great instruments being made in other places too (Germany, England, Japan), but there is a lot of amazing stuff coming from America. Like I just got my first Sadowsky (not the last, for sure) just last month. So it's expensive, sure, and add shipping + 25% on top on the whole deal in taxes, let's say it's been a tough month financially, and will be the next too!

But that will be relatively temporary, but the enjoyment I'll get out of the bass will last until they lower me into the ground. My only regret is that I didn't get one sooner. So that's my philosophy when it comes to instruments: get the stuff you want! I'll save my pennies and wait...
ANd also in my experience, it has made actually financial sense too, long term, to get "the right one" right away, so to speak. If I calculate the money I've spent on buying and selling "my way up" to the ultimate price, it would actually have been cheaper to just get what I wanted in the first place.
Frank Henry Martin: (Quote is from Martin catalog from 1904)
"How to build a guitar to give this tone is not a secret. It takes care and patience. Care in selecting the materials, laying out the proportions, and attending to the details which add to the players comfort. Patience in giving the necessary time to finish every part. A good guitar cannot be built for the price of a poor one, but who regrets the extra cost for a good guitar?"