I actually still do that even though work bought me an IJ license because my personal _suite_ license covers more tools
Still quite a lot more than I make in an hour, but definitely not $500. Are you looking at the organization pricing?
On the other hand, betting on open-source tooling may be a good way to increase the chances that your "best" tools will still be available in the future.
I was a happy VS Code user (after being a happy VIM user for a while) until I switched jobs from Go codebase to Ruby and then I quickly jumped back to IntelliJ. So far (for me) this is the only editor that correctly figures out most of the definitions and locations of methods/classes/etc.
Intellij IDEA is my go-to tool when working with the dynamic beast Ruby.
Well, actually Intellij IDEA is my overall go-to tool, also now when I work with Go again mostly.
That said, main downside to IntelliJ is IMO speed and input lag in editor windows, mainly in TSX files. I admit it's a complex language and the fact that Prettier runs on save probably isn't helping either, but still. It has trouble resolving imports, some are done automatically, others you have to select a quick fix options for, and sometimes both work and you end up with the import itself getting munged.