After I got into my friend's modded-out car, we had to slow to walking speeds to exit the parking lot because it would bottom out on the curb cut. The same happens with speed bumps. Large rims get damaged on potholes that a normal tire and rim combo would just shrug off.
Add a few years to your life and you don't want to crawl and duck into a low car anymore. Stiff suspensions are hard on the back and joints.
https://www.hotrod.com/features/1932-ford-roadster-the-golde...
He never had a lot of money to spend on it but he did have access to car parts and was a gifted mechanic. One of my favorite memories was going out for a ride in that thing in the summer with him and I would ask him to go faster and he would wind it up to about 120 mph for a few miles and it was so exciting (and, in retrospect, a bad idea). He would tell me he had to do that occasionally to get the carbon out. :)
Lifts are bad for driveshafts, suspension, tires, etc
I think it should be done with a clear understanding of what you're giving up, but some people don't want to put practicality first and that's okay.
When the first people drove mountain bikes in the city I thought it was fad that would quickly go away but here we are. Ok, they were an improvement over the previous fad of racing bikes, but neither of them is as practical in the city as they could be.
Yeah, it looks sick. But it's completely impractical for daily driving, and quite frankly you are putting both yourself and others at risk the moment you blow a tire going 80 on the freeway and lose control of your car.