I agree, but will say that having a well-built house in a great area is extremely expensive, especially if you happen to like walkable cities along the southern California coast.
A well built house doesn't have to be big, needs multiple staff on payroll, or come with a pool.
Buying high quality things is a thing, but buying things just because they are high end and flashy is something else.
If I failed to convey what I tried to say in my first comment, let me give another examples.
Personally, I'll pay pretty penny for a bass guitar, if its build quality and features is worth it, not because of hype or it's a signature model of someone else's.
I'll buy a high end computer or a car with all (meaningful) options installed, not because I want to show off but I'll need the features or processing power.
I buy high end audio gear (for listening or recording), not because to brag about it but to use it.
And when I buy these things, I use them until they run out of steam, not until they're out of fashion.
I personally developed a feeling for things which are at the edge of "diminishing returns" curve. I get the things which are high-end enough, but not in the "pay 3x more to get 1% more" region.