Quite so, though that is a bit country dependant and whether many people live in flats (apartments).Well in real life, there such an annoyingbugfeature™ most of us that aren't super rich have to deal with:
neighbours.
I am a country boy so no neigbour problem as a teenager, just family.
Consideration of my family (and the fact that a 30 watt amp was a BIG one) limited loudness until I was in my 40s and travel for work meant mostly Etymotic ear buds (there was no such thing as noise reduction electronics).
Now my kids have left home and I have retired and my wife's piano is as far from where the stereo is as you can get in the same house, so we can both do our thing without disturbance (the piano is much louder than the stereo most of the time of course).
I now have zero constraints on day time noise level
We don't do open plan living, mainly for noise annoyance reasons but also pointlessly wasteful to heat.