Another factor to consider is how often do you typically update your hardware. I don’t know when but I think it is nearly certain that at some point, apple will start phasing out support for Intel Mac in favor of Apple silicon Mac. Eventually dropping support for Intel entirely. It happened with 68K macs, it happened with PowerPC macs, and it will eventually happen to Intel macs tooMy late 2012 iMac has just had a HD failure and is no longer booting up. I was about to purchase a MacMini M2 to replace it and look for a used thunderbolt monitor as i am on a budget. But today i came across a 27" iMac 5k (late 2017), 4.2 GHz i7, 1TB SSD, 24GB RAM (Radeon Pro 575 4 GB GPU) for 800$. Which sounds great after reading all your opinions herein. Another friend mentioned that he was not a fan of a M2 Mac Mini, and was mentioning that i should get a used Cylindrical Mac Pro which can run Monterey. I am not convinced on that choice. I would be interested in your comments and views. Thank-you.
If you upgrade every couple of years then it is no big deal.
If you upgrade every 8-10+ year then it’s a major concern