Re: Does anyone else get extremely depressed about this?
Waxing is too often portrayed as the ultimate answer for facial hair. It's suggested that it can actually reduce the coarseness and the extent of hair growth. But for that to happen your hormones MUST be in the right range -- it will not have that effect with coarse, hormonally-stimulated facial hair.
Waxing, plucking, threading, epilating all pull the hair out by the roots and where the growth is hormonally-driven can actually stimulate a dormant follicle into producing more hair quicker.
If done repeatedly, they also distort the hair root, leading to hair growing at strange angles.
There's also the enormous problem that you've got to let the hair grow to quite a length before you can repeat the waxing (or whatever) exercise.
It can also damage the skin and discolor it. Long-term use of waxing also causes bad wrinkles.
There's not a simple answer that covers everyone.
There are both ethnic and hormonal aspects to facial hair on women. Most Japanese, Chinese and South-East Asian women couldn't produce any hair on their upper lips if they tried, on the other hand it's an unusual Caucasian American woman who has never removed any hair from her upper lip. On the other hand, for a Caucasian American woman to have enough moustache growth to shave every day, while not rare is an indication of a hormonal imbalance and in the absence of getting the hormonal balance sorted out, shaving is probably going to give the best results in such a case, while for a SE Asian girl with the slightest trace of very fine hair on her upper lip, waxing might well remove it effectively.
You've got to tailor the treatment to the problem.