The Celeron processor isn't that much either...BUT...
For what most people do ( e mail, surf the web,simple stuff) this is probably an OK buy.
I watch the 100% financial station CNBC every day all day, and HP and other computer manufacturers are going thru a severe bad patch right now, in part because so many people replaced thier computers during Covid when they worked or schooled from home...so these "buys" should be plentiful..
I use an ACER chromebook which is OK for me. I don't do gaming or streaming or download movies and content, just basically look.
I think this would be a good deal for the person that does the same.
One caveat...NEVER buy a computer because of the COLOR of it's plastic case!!!
Look first at the processor, the screen resolution, and what you can and cannot connect to it ( a remote monitor, direct connect to the internet instead of only WIFI, etc., DVD player if that's important, SSD for sure-though I can't believe hard drives are still being made)..
Also Google the model to see if it has specific bugs. This chromebook is nice, but it shuts down intermittently on it's own. I like it OK for what I use it for. And it was CHEAP. I'd buy another in a heartbeat.
Color is secondary!!!