Earlier quoted context omitted.
Yeah, fuck the externalities
What are you proposing as an alternative? Spend a fortune on a high quality tool, and then either have it sitting in my garage unused for years or waste a bunch of time trying to sell it online?
I recall my grandfather having (decent) tools sitting in his garage. Neighbors/relatives often borrowed tools in those days.
To be a little more nuanced though, some tools don't benefit from "quality" versions. Perhaps an angle grinder is a good example. (The consumable grinding disk is probably the place not to cheap-out.) Maybe the cheap one is fine.
But other tools, like a wood plane, you're going to have a bad time if you cheap out on those and wind up with steel that doesn't hold an edge for example.
(Though I kind of wouldn't want to loan out a nice hand plane of mine to someone that might not worry as much as me about hitting a nail in a board they're planing.)