Perhaps in isolation, but given that most people need a PC, would you rather:

a) buy a subpar PC for productivity and a console that's going to be wasted money in a few years' time, and you need to invest even more money on a new console (unless you never want to play new games again), and/or pour a bunch of money into scam subscription online services to get games (or even play them at all if they're online)

b) buy a good PC with money you would have otherwise spent on the console, that will last effectively until the hardware dies, and even then you can upgrade it instead of buying a new PC

I agree the LLM and cryptobro insanity has screwed the GPU market, but in the long run even at the current prices PCs are still a better deal.