All of my gear is old (cause I've been cycling a long time). I decided I needed new shoes, helmet and gloves, and I needed a new wheelset for my bike. I can build the wheels so my plan was to just order the parts and put it all together. Well I need new tires too, and tubes, and chain, and bar tape. And I have an old set of wheels that are loose so I ordered new spokes to rebuild them, and a couple of tools. I bought the clothing items at my LBS, and had to carefully search the net to find the spokes/rims/etc. that I needed. I already had hubs and a cassette that I found on ebay. I could use another cassette but I don't have to have it right now.
I got everything bought and ordered, and added up all of the costs--- just over $1k for everything (so far) !!!
Well at least all of this stuff will last me for a long time, so it's not that much money per year.