True.. Also, even if you do have something that's worth repairing, where would you get it repaired? The repair shops are long gone, as did the skills.
This is increasingly true even of manufactures repairs under warranty . It doesn't matter whether it's a car or a washing machine, the product is now so complex they don't always have the ability to do a repair in a timely or cost effective manner. I know of a case where a brand new LG washing machine failed and after 3 engineers visits the family was without it for nearly two months. How it wasn't more cost effective to give them a new machine I don't know. Tip: if you are thinking of buying anything made by LG do your research first because the UK support looks to be truly appalling.
Sadly it's also largely meant that DIY repairs are no longer possible. There was a time when I would delve in to a washing machine and be able to fix it but that's long gone..