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Specifically for basketball shoes, yeah I don’t understand the hype. I’ve seen some people collect them and have individual cases to display. Meanwhile some people collect them but kinda of just hoard them in their closet where they never see it again.  
I feel like the excessive basketball shoe buyers are collectors. Like collecting basketball shoes is their hobby. 
It seems like a strange hobby because shoes are something to wear and something to protect our feet. Why buy so many when you don’t wear them? Why spend so much money on so many? Collectors are hobbyist and it just means they love something a lot. 
I think some companies take advantage of these hobbyists by making cheap exclusives and occasional low stock exclusivity (Shoes with celebrity’s name on it) ; it makes collectors want it even more. 
Because they love it so much, it doesn’t make them feel like they’re wasting money.
Like many things in life, you get what you pay for. Cheap shoes generally fall apart quicker, provide less support, etc. using this logic, you’d prefer a 1974 Yugo with 200K miles versus a new car since, hey, it’s cheaper and does the same thing! >

100-150$ Nike basketball shoes fall apart all the time too if your movements are intense enough :(
one of my teammates used to go through 2-3 every year and at that point the prices really add up :( >

Damn wtf happened to shoes? I used to play AAU on a team sponsored by adidas and I still have my home and away shoes somewhere in the closet over a decade later >

adidas shoes tend to be more durable, dude was huge af, and somehow quick at the same time so big forces being moved around wore his shoes down quickly >

Do you think we only buy things strictly for it's basic purpose? >

What bother me is that they need to keep them super clean and new. Like, dud, they are shoes, they touch the floor, they will get dirty and crease. If you don’t want people to step on them or get them dirty, put them behind a glass in your house. >

Yeah and when they are in that glass case, what's the point in even owning them >

For collection purposes, which I'd find more reasonable than wearing them and then getting pissed if it gets dirty. If you buy it for the purpose of display or something to have to fulfill the inner child in you I understand but don't expect to wear it and get mad when dirt inevitably ruins the design of something you should have kept in a glass. >

Not necessarily, there is a YouTuber called Rose Anvil who cut shoes in half and it’s incredible how the $300 sneakers are not that good and will fall apart quickly. There are some exemptions out there, but for the most part they are just overpriced and not worth the money. If you view them as collectibles is a different story. >

Well there is a reason there isn't just one type of shoe that looks the exact same that everyone would wear. It's called fashion😅 you might not like basketball shoes it's not your style other people like basketball shoes because it's their style. 😂 I wear basketball shoes and vans and timberlands and cowboy boots, ya catch my drift.