That is just due to mental fallacy of people. Get the car other discard for freez fix it. Get a cheap house you can pay and fix it. Get a cheap phone and use it to the end changing battery by yourself at least one time. Get in vacation where you can go without a loan. It's so easy.
Discussion
Makes sense, but it is not always the truth.
There are engineers graduating to make things simply break with time. That on hardware and software level.
Companies are forcing subscription on hardware already installed in machines (Mercedes, bmw, for example). It is a way to show that you (person) already don’t own anything.
Apart from that, government, with a stroke of a pen, can use violence and take everything away from you.
And on top of it, we have what you said with high time preference for most people. That’s why bitcoiners have a great generational advantage over the masses, at least on theory level.
That why I own a car that has a value of one hour of my job. I don't need to show I have the last model and I can fix it myself forever. Then I store a 2001 Peugeot an 99 town and country a 99 Mitsubishi and enough spare parts for two generations.
People are not used to take care of their things. The elite and the companies are just making people enslave themselves with commodities and easy life.
Reject that and you are safe.
Bitcoin.. yes but is just one part. If people keep buying the last car and the last computer and go to Walmart.. there is no way out for them