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The repair rates are there for a reason, to gold sink endgame players.
If you can't pay that price, you aren't supposed to be using them : p
Edit: Also, plenty of people can and will use them. I'll definitely take one over paying a bajillion gold to 67th my Life Exploration Fishing Rod, and I'm not even endgame. xD We payed way more to upkeep way less extra stats on our WoW weapons back in the day.