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You may not want to play at that price and condition point, but enough will to create a market.
For sure; there's obviously a market, or these stamps wouldn't be listed for such prices. I'm just a bit incredulous as to who's actually buying - knowledgeable collectors or rank amateurs? - but I guess I should exercise a little restraint. I still don't 'get' it, but that's on me. I assumed that most buyers of these are getting suckered in. Perhaps that's still happening, but you're right - not everyone is a victim.
As Rog said,
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To each their own. They harm no one and add money and bodies to the philatelic universe.
which is a good principle and something I ought to bear in mind more closely.