I approach this as a frugal systems guy.
The branded instant pot advertises itself as performing seven functions, in their words: "Pressure Cooker, Slow Cooker, Rice Cooker, Sauté, Steamer, and Warmer."
I suppose the instant pot makes sense if you don't have kitchen space or already own any of the other items.
Of all those items on the list, the only one
we don't already have is the pressure cooker. We have at least two slow cookers that I know of. One of them is well over 30 years old, with a stylish brown crock and avocado-colored exterior. We bought a rice cooker/steamer last year for around 20 bucks. For sauté we use something called a "frying pan", and for a warmer we have various pots and pans and a nuker.
It's nice to have discrete appliances for times when you want to do something like have a hunk of meat in the slow cooker, rice in the rice cooker, and a vegetable sauté-ing away on the stove.
If you only have one appliance to do all those things and that one appliance breaks, you lose all of the functions of that device.
Or, you can just go out for dinner
