I grew up poor, living on the cheapest possible option for everything, and no option at all for many things. Then I wasn't poor anymore. So I would spend time researching the absolute best toaster oven, say, reasoning that paying more would mean not having to worry about a toaster oven again in my life.
Later still, I got married to someone who grew up in Hong Kong, a city famously filled with tiny living spaces and street markets filled with goods from right across the border in China. Her philosophy, shaped by her upbringing, is that things are generally disposable. She will happily buy a $20 toaster oven from Walmart[0], and do so again whenever she decides it needs to be replaced. At $20 every three years, it would take several decades before she spent more than I did, and in the meantime maybe she has decided she wants different colors, or uses a toaster oven much less and doesn't even need one anymore.
While I look and see waste and a deleterious effect on the environment, she see flexibility and cost savings.
Back to the furniture: part of me wants to see if Ethan Allen is still making high-quality long-lasting furniture here in the USA, and buying a new couch there whatever it costs. Another part is on board with my wife's approach, which is pick the style of couch she wants, buy it cheaply, and just know it's going to need to be replaced in five years, but that's okay, because she'll want a different style then.
0. Literally, $19.96! https://www.walmart.com/ip/Mainstays-4-Slice-Toaster-Oven-Bl...