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How steep? I've only ever seen 20% or so; I'm waiting for a 50% sale before I buy it.
When it was $20 CAD during early access. $30 would be reasonable for the full game, for me $40 is not. Furthermore, I generally wait for a sale of at least 33% or more before even considering a $20+ game.
$40 for a game in 2023 is a bargain for anyone old enough remember those days.
For what its worth, I HAVE seen an overall increase in Indie game prices over the past few years. Its hard to say for sure because there's no strict benchmark like the $60 value for AAA games, but I definitely feel like I see more 30's and 40's and fewer 20's and 10's. Games take longer to be substantially discounted as well. Impossible to know for sure, since there are so many Indie games of wildly varying content and quality.
https://www.thingslife.com/toys-r-us-video-game-ads-from-1996/
Genesis games at $59.99 and the few that were 69.99, IN 1996! Ya'll have no idea how good you have it today.
And the price of video games in the past affects me how, exactly? That's in the past for me; I'm a Steam gamer now, and I typically buy games that are either heavily discounted or cheap to begin with. At its current price, Teardown is more than I'm willing to pay, and the fact that its cheaper than some other arbitrarily defined game is irrelevant.
To put it simply, money is not infinite. Trailmakers, a similar game to Teardown, is $7 CAD at its current steepest sale (all stores, not just Steam). Now it could be fair argument that Teardown is better than Trailmakers, but is it 5x better?
The point I'm trying to make is that value for money is a highly subjective matter, and my stance on Teardown is influenced by two factors: I had previously bought Teardown for $20 and refunded it. Therefore, buying it for $40, when I might not like it this time anymore than last time, feels extremely silly.
It also competes against other purchases. For the full price of Teardown, I could buy a half-dozen games of roughly equivalent content. Purchasing Teardown means NOT purchasing $40 of different games.