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No, but in the 2010s it became much cheaper to record at home than it ever was and we saw countless artists come from that.
I had prosumer home recording equipment back around the turn of the century, and it wasn't anything new.
How expensive was it though? Probably more than the cost of a cheap laptop and a USB mic.
We had cheap laptops and USB microphones back then. I had a set up with digital audio converter, a couple mics going to laptop set up was about $200-$250 w/out laptop and I had a separate boss br-532 8 track recorder I picked up used for like $300. I'm sure if I was more frugal I could've gone a lot cheaper.