Re: "palatable $520"?
Agreed. I'd hardly notice the budget impact of an occasional $500 for a phone. (Recently I spent more than that replacing my daughter's electric range because the oven stopped working. Very likely just needed a new control board or thermocouple but it was December 23rd and cookies needed to be baked, so we just popped in the car, fetched a new one, and swapped the old one out.)
But spend $500 on a phone? Ugh. An electric range could last 10 or 20 years. Most of the phones I've bought have died after two or three. And those non-replaceable Li-ion batteries lose capacity steadily, even if the device itself keeps working. Screw that.
Fortunately, I have no interest in 5G.