Yep, my current large folding umbrella will be 15 years old soon. Got it for $90 back then, it's required just minor repairs a couple of times so far, so definitely that's a long term investment. The only thing stopping me - I can recall maybe 10 days of really demanding daytime raining annually on average for the past 16 years (except for 2004, when it was raining for a month in a row here)...