In the mid-1960s, I bought an old GE refrigerator for my college apartment. I paid $35 for it, and sold it three years later for $50.
It had to be defrosted manually, did not dispense water or ice through the door, never needed a repair, and always did its job.
In 2001, my wife and I spent about two kilobucks on a beautiful top-of-the-line GE "Profile Arctica" fridge. It only needs to be manually defrosted sometimes, it sometimes dispenses water and ice through the door, often dispenses water onto the floor -- causing people to slip, sometimes dispenses water onto the wood cabinetry -- causing it to rot; and needs three or four service visits each year.
Wednesday I bought a water filter for it. With tax, it cost me $42.27. That's a lot more than I spent to have my failproof GE college fridge for three years.
(old fridge photo from "markrto" on ebay.com)