I believe you and have said so above; It absolutely can be but I think your relationship with leather jackets was more of a fixation than an addiction. As you said, you had it under control, your learned enough through your journey to realize exactly what you wanted out of it & once you reached the end of the road, which you basically did, you recognized it as such & knew it is time to stop and move on to the next thing.
I don't know, the way you collected leather jackets, especially Lost Worlds, always struck me as perfectionism, rather than addiction.
IMO what you describe: "It would be addiction if we were to compulsively buy & hoard on any & all leather jackets available, with no planning, use or purpose" is exactly what i was doing with LW and Vanson Jackets.
It was hidden by the classic "i am studying jackets and their history", but deep down i was like a mad Pokemon hunter trying to catch them all... And trying to rationalize it any way i could.
That period of my life was also the peak of my alcohol intake, both my alcohol consumption and my jacket hoarding where extremely compulsive and where two sides of the same coin.
It took my dad passing away for me to realise i was on the same tracks he had been on, and that made me open my eyes at my own drinking and mycompulsive jacket buying.
So you could say i was "still in control" cause i wasn't blowing dudes in public toilets to pay for my jackets, but i wouldn't say i was in control of much at that time.
Nowadays i look at my jacket racks and wonder how i got there!
I think i'm almost ready for a big clasified sale...
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