I don't know about that. I have been wearing the same semi expensive watch daily for over 10 years and there is not even a scratch on the face despite having bumped and knocked it countless times. Worth mentioning that a watch repairer can replace most parts to get it looking good as new relatively easily if it came down to it.
Sunglasses on the other hand, I also go cheap - but that's because it is much easier to lose them then something attached to your wrist! Haha
I am curious why it is considered such a terrible practice? A lot of people don't want to spend time and effort renovating an old property (nor do they have the knowledge or experience to do it well) so there is a market for old but already "fixed up" houses and there are people that make a living doing just that.