The hardware requirements on these models is basically at a fixed floor, and the democratisation will come from cheaper, possibly specialised, hardware, not reduced requirements, right?
But if you're willing to spend $1500 on two used RTX 3090, it's the sweet spot in terms of the ability to run large models right now. Everything beyond that is much more expensive.
The fundamental limit for hardware acceleration are number of gates you can squeeze on a die, right now. (Or, alternatively. memory bandwidth)