Agreed. Its incredibly rare that I've waited to buy a sold-out item. I either buy a competitors, or I lose interest and decide I don't care enough. I can't actually think of a case, off hand, where I did wait, although I'm sure its happened at some point.
I either want the thing at that time point, in which case I will look for an alternative because waiting won't get me the thing at that time point, or if its not important enough or I don't want it enough to want it right away, then I don't buy and usually I either get less interested as I wait, priorities shift or I just forget about it.
For example, a PS5: I would have bought one on release, if I could have. Had the money set aside for it. But I couldn't get one and about two months later, I lost interest, cancelled my reservation and spent the money on something else and have decided there are other things I want more before I get one, such as a new guitar. Maybe in a few years I'll get one. Maybe. If I can get one cheap.