SSDs can fail and HDDs can fail, well within their expected lifespan. I have read about HDDs lasting 30 years and SDDs dying within 7 days. Would you take a budget SSD with a finite write capacity over a heavy duty HDD if speed were not a consideration?
Depends on the use. Also, I would never buy a super crappy SSD, this comparison doesn't make any sense. It's like saying, would you chose a burned up Ferrari or a brand new Corolla? I'd never buy either, so I can't really answer that.
The failure rate on any halfway decent SSDs is not any higher (in fact is lower) than any HDDs. So you heard of a guy whose unbranded Chinese SSD had a controller nuke itself in a week. So what. I can find a thousand (Literally) stories online of HDDs coming out of the box broken. Doesn't prove anything either.