That's not an equivalent third option unless you're in a position to afford it.
An anecdotal example. I purchased a home last year which did not have AC. The previous owners lived in the house for over 20 years with out ever "needing" an air conditioner. My wife and I did not make it to the summer before installing an AC. I have no doubt I could have survived without an AC but why bother? Its cheap (relatively speaking) and improves my quality of life.
https://www.nytimes.com/2019/06/13/world/asia/india-heat-wav...