A comparable PC costs roughly 1 to 2x a PS5, but in the long run the PC is cheaper when you factor in the costs of games and subscriptions .
Plus it's a PC, with 100s of applications beyond just gaming and streaming. And there's 100,000 + PC games vs ~1100 PS5 games.
It's modular and upgradeable. So in 5 to 7 years, you can upgrade it instead of buying a whole new console.
The only real advantage consoles have are the cheaper upfront costs.