These days, many parents do not hesitate to buy ridiculously pricey gifts for their children. In my opinion, this is a negative development.
When parents buy expensive products like garments, gadgets, toys or other items as gifts for their children, they are sending home a wrong message. Children who grow up receiving such gifts will neither value the presents nor the hard work that went into making the money spent on those items. Consequently, they will become overly demanding spoilt brats who cannot appreciate the value of money. Also, the financial situation of people can change anytime. If someday, parents are unable to buy pricey gifts, their children will feel betrayed. This could even hurt the relationship they share with their parents.
What’s more, children who always receive expensive prizes will not be able to appreciate anything cheap. They can only think in terms of the monetary value of something and may fail to value truly invaluable things in life. Some children who receive expensive items as gifts may have the habit of showing them off in front of their friends. This will, unfortunately, make their less privileged peers feel inferior. This can lead to resentment and may even cost a friendship.
Of course, there is no harm in buying a pricey item every now and then. This way, parents can show their children that money is not a consideration if they want to buy something special for their children. However, this should never be a habit as it will prevent the children from realizing the true value of money.
In conclusion, the practice of buying pricey gifts for children is detrimental and should be discouraged as it prevents children from realizing the value of money and hard work. 
These days,  
many
  parents
 do not hesitate to  
buy
  ridiculously
  pricey
  gifts
 for their  
children
. In my opinion, this is a  
negative
 development.
When  
parents
  buy
 expensive products like garments, gadgets, toys or other  
items
 as  
gifts
 for their  
children
, they are sending home a  
wrong
 message.  
Children
  who
 grow up receiving such  
gifts
 will neither  
value
 the presents nor the  
hard
 work that went into making the  
money
 spent on those  
items
.  
Consequently
, they will become  
overly
 demanding  
spoilt
 brats  
who
 cannot appreciate the  
value
 of  
money
.  
Also
, the financial situation of  
people
 can  
change
 anytime. If someday,  
parents
 are unable to  
buy
  pricey
  gifts
, their  
children
 will feel betrayed. This could even hurt the relationship they share with their parents.
What’s more,  
children
  who
 always receive expensive prizes will not be able to appreciate anything  
cheap
. They can  
only
  think
 in terms of the monetary  
value
 of something and may fail to  
value
  truly
 invaluable things in life.  
Some
  children
  who
 receive expensive  
items
 as  
gifts
 may have the habit of showing them off in front of their friends. This will, unfortunately,  
make
 their less privileged peers feel inferior. This can lead to resentment and may even cost a friendship. 
Of course
, there is no harm in buying a  
pricey
  item
 every  
now
 and then. This way,  
parents
 can  
show
 their  
children
 that  
money
 is not a consideration if they want to  
buy
 something special for their  
children
.  
However
, this should never be a habit as it will  
prevent
 the  
children
 from realizing the true  
value
 of money. 
In conclusion
, the practice of buying  
pricey
  gifts
 for  
children
 is detrimental and should  
be discouraged
 as it  
prevents
  children
 from realizing the  
value
 of  
money
 and  
hard
 work.