500 for a phone you can use for 6-8 years is more than enough. Fairphone is going to fail because nobody is financially literate enough to realise how better off they’ll be. Even more so when a screen breaks or the charging port stops working.

Ps been using resolable boots for years, I have the same chef knife for ten years, a cast iron pan for 15y. My motto is to always buy the product that is going to save me money in the long term, not until the next paycheck