You're essentially buying a very high resolution ssh terminal + documentation viewer for your $500.
If you can do your editing locally, and connect to something more beefy when needed, whoopty do. It depends on what your needs are. Personally, a really nice screen and touchpad are huge features for me... at home/work a physical switch keyboard (buckling spring or cherry-mx browns)... who cares?
I want more, you want more, but there's no need to poopoo on someone else for not aligning with your own sensibilities.
But not including RAM, CPU and disk space because they're on a server somewhere makes absolutely no sense.
SCM and CI/CD are irrelevant for the comparison because they cost exactly the same whether you use a Chromebook, a Windows laptop or a Mac.