I agree. I look at it as the price of a phone, not price of an iPhone and the new iPhone SE as of today is too costly for what it offers.
I switched to iPhone (older SE) from Android. Size and privacy were two reasons. Then my SE broke down after 3 years (I hadn't put any protective gear). I bought 7 as I needed another phone immediately and I was going away for two months.
The last one year I have been using 7 the lack of a headphone jack is so frustrating I would never buy the new SE.
The next time I have to buy a phone I will buy the smartphone that will provide at least 2-3 years of guaranteed OS upgrades (or there's Lineage support) and has a headphone jack.