It's about authenticity, integrity and the ownership of the original to inflate one's own egoism.
Wearing fake alternatives will never amount to the prized possession of knowing you own the fashionista's label.
If anything, it's just a rubber sole outsourced to bootleggers market.
It's not about others opinion...but self-worth. If you're okay wearing indistinguishable fake shoes, who are you trying to impress?
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You hit it on the nose. Yeah, they come out for $200, but the marked up prices are simple supply and demand. There's only a limited amount of them and the demand for them is massive.