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I agree to some extent, but even before then hardware was getting expensive thanks to stuff like the Bitcoin mining craze. Harddrives have been getting cheaper on a dollar per TB basis for a long time (as they should), but I remember the days when it was cheaper to build a gaming PC than to buy a new console, and those days are long gone. And after COVID hit, greedflation set in to declare what the new normal is.
How many fingers am I holding up? If your answer is 6 or more, I have bad news for you and your data set.