Plus choosing a $1000 for a 10-year warranty would be a very bad deal, since $500 guarantees you 5-year product, additional working time or ability to sell and repurchase of an improved version of a product. Minus could be inflation or less reliable product in the future.
You can use price as some kind of signal, but it's only loosely correlated. Manufacturers use a dizzying array of different model numbers that change constantly, so it's impossible to buy a model that's been in the field long enough to have a meaningful track record.
You can probably figure out that some brands are basically always junk, but even the brands that do make higher quality products also sometimes make junk, so good luck...
The fact that basically all manufacturers offer the same fairly pathetic warranties (and that extended ones cost absurd amounts) should give you some idea that basically all products out there are made with similar expectations as to how long they'll last before something breaks.
This has long been the case for cars, where Japanese brands focused on reliability and were able to outcompete less reliable brands when new, and command higher prices in the used car market. Many Japanese brands are now no more reliable than their domestic counterparts, but that doesn't mean they're unreliable, and consumers are still voting with their wallets based on their past experience.
Bringing this back to home appliances, when my parents purchased their home, it came with a fancy-looking Samsung fridge, which broke shortly after the warranty period. That meant that when it came time to purchase my own fridge, I wrote off Samsung completely. Additionally, my parents purchased a nice LG washing machine, which has been running great for well over a decade now, and again when it came time to purchase my own, I went with LG. None of these were the cheapest, and I as a consumer voted with my wallet.
Nobody ever wants to admit that they make bad choices, but this is the most important explanation for why a lot of stuff sucks. If people were willing to pay more for a reliable refrigerator, that's what would get made. In empirical fact, their actual priority is cheapness, so that's what they get.