I totally feel the GAS issue, (lol that sounds bad). In high school and college I totally got away with a budget setup like you described: cheap guitar, used amp, laptop, a couple of effects pedals, some cables and I was in solid shape. I recorded A LOT! Hell, some of my best work was done with that budget setup. Audio quality wasn’t the best but it didn’t matter to me, just for fun.

As soon as I got out of college and had more than two nickels to rub together, my gear setup had gotten out of hand. Multiple guitars, amps, midi controllers, mixing boards, usb interfaces, studio monitors, full pedal boards, multiple mics, electric drum kit, cables cables cables. Just insane, thousands of dollars. I still do plenty of recording and playing but not nearly as much as my budget days. Some truth to less is more I guess. I have so many toys I don’t know what to do with my hands.

The upside to having more gear is I can host karaoke at parties, jam sessions can be recorded live in very high quality rather than relying on cheap hand recorders, and my own records are much higher quality. Plus, lots of toys, so I can never be bored.

I will say though, I much prefer a minimal setup. It keeps everything tight. It’s very hard to avoid all the novelty of having new toys to play with. But it’s true, playing guitar can be a very cheap hobby!