That happens in every hobby. There was just a thread on Reddit about cheeky names for people who spend too much on gear. Apparently, mountain bikers call them 007s: 0 skills, 0 style, $7,000 bike.
My mignon grinder and rancilio silvia set me back 1000$, but I have been using them daily for 4 years to make lattes for my partner and I. That's over 2920 lattes at an average of 0.34$ each!