You don't need a $25,000 LTO-10 drive, $100,000 library, and $300 tapes. The drives are frequently backwards compatible multiple generations, so your archives are safe. You can get LTO-7, LTO-8, and LTO-9 libraries for cheap (right now there are lots of LTO-7 standalone drives for under $1000 on ebay), as they've aged out of enterprise leases.
That's got worse recently. LTO used to be guaranteed compatible two generations back; an LTO-7 drive can read LTO-6 and LTO-5 tape. With newer standards, they've cut that to one generation. Your point stands, but folks should be aware the treadmill has been sped up in the past few years.
You got me briefly excited, but the only LTO-7 drives on eBay under $1000 are listed as parts-only. The price jump from LTO-6 to LTO-7 has remained steep for years; either industry is holding on to them, or they're being resold or released successfully.