My strat cost much less than that when I bought but that was 1979 or so : )
My current acoustic guitar cost a shade more than $1200 but it sounds great.
Of the electronics I have, seem to make the most use of the $150 Kog Volca FM. I have Behringer Neutron I also like but need to get to know better (not that I don’t mind making semi-random bleep-bloops sounds).
I also use an MPK Mini mkII almost all the time. Whereas I also have an older Novation Launchpad and an Akai MPD226 that never seem to make it out the storage box.
Recently I’ve making an effort to set up my hardware such that it is easily accessible as I tend to end up using whatever is within arm’s reach. (Aiding that is a Kenton MIDI splitter and a Blokas MIDIHub, the latter is programmable though I’ve not really gotten into it.)
I think tends to happen is I get used to working with a small subset of stuff, and then that becomes reinforcing; new songs are shaped by what I’ve done previously, so I again stick to the subset of available tools.