Note: The 24” iMac is never going to be the platform of choice for HackerNews readers.
Apple knows this, and so it markets it to them rather than to us.
The 4K monitor is going to push up the price, and I'm all for giving everyone a high quality monitor, but I'd argue that the iMac is 30-40% over budget for those who'd like that type of computer. I think you could get away with having it be a $1000 computer, but not $1600, for the lowest spec'ed model.
Heck I still use my M1 Air for everything, it's fine.