I've got plenty of relatively cheap things in my house, including a few from Ikea, that are perfectly good for what I use them for. And I've also bought things like relatively high-end small appliances that crapped out in short order.
And it's often very hard to tell which is which in advance--and it may very well be the luck of the draw in any case.
Even an obviously cheaper Ikea dresser I have in my bedroom. Yeah, it's cheaply made and was sort of a pain to assemble. But it looks and works fine and I'm not sure I could have even gotten a hardwood dresser that cost 5x as much into the space.
As I type my keyboard is sitting on an Ikea desk. It's cheap, it's simple, it does the job and I'm happy with it.
Cheap stuff is not the problem. Crappy cheap stuff (and crappy expensive stuff!!!) is.
For example, I have two radios in my house that I don't use? Why because the crappy power leads have frayed and I can only use them with batteries.
Or again, I bought a kettle 2 years ago that stopped working after 6 months.