All is never a thing. I still don't have a PS5.
I didn't get a (new) PS4 until early 2016 which was roughly 2 years and 3 months after it was released.
I made a stupid decision in selling my PHAT backwards compatible PS3 and all my games for a PS4. I'm not selling my PS4.
Sadly, more things are turning to subscriptions and streaming games has become a thing.