https://en.wikipedia.org/wiki/Endurance_International_Group
So regardless of whether you go with WordPress or a different solution, you may want to be cautious about that company. They tend to oversell their services a lot, and care mostly about cost cutting.
I've met so many people over the years who've worked in the industry at some stage (including myself), and not one of us has had a positive experience.
All that to say, it's almost certainly true that unless you've specifically heard otherwise about a hosting company, you're probably supporting assholes whoever you use.
There is no race to the bottom.
The $10/month gets you storage, but also bandwidth and hosting and a bunch of tooling. Worth it? Probably so if you want something that mostly just works.
At scale, providing it to tens of thousands? yes.
It's a perfectly fine price for a customer to pay and not worry about it, but it's not squeezed to extract every fraction of a cent because competition is so fierce. In a race to the bottom you'd expect the bottom to be approached, but it isn't.
Bluehost, Kinsta, WPEngine, GoDaddy etc, are marketing companies that sell webhosting, and they have very healthy margins. They compete on ads, not on price.
I am very happy. The speed is insane. I always thought and was told that WP is the reason for a slow website. No, it was my host. I pay around 10 USD per month but I think the smaller plans starts lower.
For what it's worth, I am very happy with them. But I only host a few WP and FreshRSS. I think they support python too but for Django I use: https://www.pythonanywhere.com/ I pay 5 USD a month there but I think this plan is not sold anymore.
What does this even mean?