It’s OK to go into debt over a depreciating asset if you can afford to default on the loan, and it substantially improves your ability to make money. Businesses do it all the time. If a sole trader could work better with the cybertruck for some reason(I’ve got nothing) and could borrow off their house as collateral, that’s a financially savvy business decision.
But a lot of people fall victim to predatory marketing. We need to recognize that it’s not just them being dumb, they were manipulated, tricked and lied to by a powerful machine.