If I ever pay $700 for a video game console there is something wrong with my brain and I need quality professional help. Above $300 a console manufacturer got me looking at them like they done lost their **** minds. I usually wait years, sometimes until the end of a generation, before I grab a current-gen console. I'm no stranger to getting consoles after their generation has passed. I keep and use my consoles for life though, so I don't mind getting them "late." I wait until the prices have come waaay down compared to launch day prices, and newer revisions have improved reliability (and in the case of 8th-gen, performance). I only buy a console if there are at least 5 must-have exclusives on it (an extreme rarity in modern times), or I can get it cheap, and it helps if I can get more utility out of them too by modding (which factors into what I'm willing to pay for a console). I won't turn down consoles given as gifts though (which ironically is how I unexpectedly ended up in the 8th generation).
PC is my main gaming platform, I do most of my gaming there because it's the platform that provides the best gaming experience (even when you factor in ****ty console ports and lack of good optimization), has the most options, and offers the most control. I usually prefer to get multiplatform games on PC. However my whole entire life I've been a dweller and explorer of all three corners of the video game universe (arcade, PC, home/handheld consoles), so I won't turn consoles away. I just take my sweet **** time getting around to 'em. Any money I have that is not used for survival, bills, and my car goes to my PC first, then gaming/electronic equipment, then finally to consoles. They are way at the bottom. I make sure everything else is covered first. Maybe somewhere near the end of the upcoming 9th generation of consoles, there'll be a PS5 and/or XBSX in my home. Maybe. If that somehow happens, you can be **** sure I did not pay anywhere near their launch-day prices for them, whatever those prices turn out to be.