It absolutely does not cost the same price as the properly made alternative. Noooo way.
Flat pack stuff like that is way, way cheaper, thus why people buy it.
Also, you can bring home a full armoire in a hatchback. Real wood furniture is large and heavy, and requires specialized equipment to get it up to an apartment.
Having antique furniture is like owning an upright piano. It probably has sentimental value, and will outlive humanity with minimal maintenance, but not everyone has the space for it, and when it comes time to relocate it, you realize why furniture went flatpack.
Real talk, I fit an Ikea mattress, slats, bedframe, and a weeks’ worth of groceries in my Ford Focus hatch when I was moving into an apartment in college. Meanwhile I had to rent a U-Haul for the 60 year old dresser passed down from my parents, because it wouldn’t fit in my car or either of their SUVs.