"You should knit yourself one" my mother-in-law says to me. "It'd probably be a lot cheaper than buying one."
...
Before I go on, let me state right now that this is a woman who professes to LOVE hand knitted items of all kinds. In fact, I always knit her something for Christmas, her birthday, and pretty much every appropriate gift giving occasion in between. Mainly because the woman is IMPOSSIBLE to shop for, but also because she REALLY appreciates the value of a hand knitted garment.
And yet here she was casually, one might say downright flippantly, insinuating that I could just "whip up a cardigan" at will, and for next to nothing to boot.
OK, we WERE in a fairly high end shop at the time, so presuming you're knitting your garment out of, say, KnitPicks Shine Sport as opposed to Qiviut or cashmere, she's probably right...
But what value should we place on TIME, and SKILL? How can we put a dollar sign on THAT???
No knitter in their right mind would EVER think it's cheaper to knit a garment rather than buy one. Take socks, for example. You could probably score a 6-pack of athletic socks at Wal-Mart for 7 or 8 dollars.... But it'd cost roughly 25$ for a "good" skein of yarn. THEN factor in the time it takes to knit the stinkin' socks!
Now, I can churn out a pair in, oh I don't know... say 12-15 hours, depending on the pattern (and that's probably conservative). Even at mininum wage, that's still 102-127,50$, just for labour! So you're looking at a 150$ pair of hand knit socks, as opposed to 6 pairs (that can be machine washed and dryed!) for 8$.
But yeah, I could make a cardigan for cheaper than I could buy one...
In light of the knitting going on here lately, this problem with the perceived value of a hand knitted item seems all the more relevant.

The system I've set up for myself actually works fairly well (I respond well to structure). I'm not sitting down to knit an entire STOLE in the evening, which just seems like a colossal undertaking that'll take forever and is just discouraging... No, I'm sitting down to knit 21 rows, which is totally doable.

Happy Knitting Everyone!