Fortunately while high end items are out of a new players price range (which naturally they should be), mid level items are quite cheap or even given away sometimes.
Once you're high level it ends up not really mattering much. For the most part item prices on high end items seem reasonable to me and roughly reflect the effort to attain them. Once you get things of value to sell, you'll get more money for them too due to the "inflated" economy, letting you get in on it as well.
Long and short of it: If you put much effort into gearing yourself, you will certainly be at the least better geared at x level than people were in classic, especially sub 50.
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