Here's an excerpt from an article written in Dec 1999 from prorec.com that I enjoy on this topic.
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"Black and White Movie" was cut in my studio, using Cakewalk Pro Audio v.9 and a MOTU 1224 audio interface. My primary DAW is a “Roll Your Own” computer (Celeron 300A @ 450 MHz, 128 MB RAM, 3x 20 GB EIDE hard disks, yada yada yada). Other than having a lot of online disk storage (60 GB) this is a pretty average computer by today’s standards. It is capable of performing most of my recording needs, though I can always use more CPU bandwidth. I guess the point here is that I am NOT using the latest, greatest computer hardware.
See, I do NOT consider the cost of a computer to be an “investment” in my studio. Repeat: the computer is not an investment. It is an expense, not an asset. The reason for this is that computers simply depreciate far too quickly to consider them an investment. Also, to purchase state-of-the-art computer technology you usually have to spend five to ten times what you would spend on “decent” computer technology.
I tend to stay practical in my selection of technology. In my view, whatever will get you there the cheapest is often the right choice. This may sound like heresy our world of More Bigger Better Faster NOW! I just feel that for many people, having the biggest, fastest, most powerful computer is seldom related to Getting The Work Done and usually related to some kind of Big Dick Contest.
You heard me right. The recording market - a male-dominated market for better or worse (for worse, if you ask me) preys and profits on male ego insecurity. This same biological imperative that tells me that I need a new BMW M3 and a new wardrobe and a new, extremely sleazy girlfriend also tells me that whatever new, cool hardware I don't own makes me inferior to the guy who owns it. I try hard not to listen to that imperative. It ALWAYS gets me into trouble.