In my experience I like living with stone walls a lot more than in a cardboard.
It’s true though that doing any changes to the stone wall is a lot harder than with drywall, but it kind of proves the point that current construction techniques are optimized for cost (I like to say they optimized for the builder a lot more than for the ones living in that building).
I think this is very much subjective in the end though. Also because current building techniques still make use of stone, bricks and concrete which all have the same downsides. But as you said they can be an overkill for some people who don’t mind the walls being quite soft for instance.