That's a little too cynical.
I use smart home stuff, because:
1. I use it as security device (i have tons of zigbee sensors for motion, and contact).
2. I forget about simple things, all the time. I forget to lock my door, i forget to get my keys etc. All of this is taken care for me in case i forget. I haven't hooked up my garage door yet, but my kid (1 yo) likes to find the remote and press it mindlessly, and i really don't want to leave it open.
3. I like the convenience in general.
If you come to my house, it's definitely not something you'd say a "status symbol". It's only expensive because it's in bay area, otherwise it's a mediocre house.
I have been a programmer for as long as i remember, and these things excite me, that's another aspect.