It's a hobby but not for everyone. I mean if I could just throw away 3,000€ on random projects that might work or not I'd do it in a heartbeat. No different than buying a run down Porsche for 5,000€ and spending 40,000€ on restoration to original. Every hobby is like that but with different entry price points. There is a reason knitting is more popular than something like this (and even that has price tiers from 3€ for an acrylic yarn to upwards 100€ for luxury merino wool yarn)

As someone whose spouse knits, it gave me a chuckle to see knitting mentioned as a low-cost hobby :)