I would go beyond that, the processors in new tablets are essentially 'desktop' equivalents. My day job is spent writing documents, making presentation, working with data - all in-between constant emails/Teams meetings.
The iPad Pro I have for work can literally do 99% of what the Elitebook can do. Though the Elitebook is portable, the iPad take it to a different level, I can work almost anywhere and everywhere when paired with my phones 5G data plan.
For example today I was working on some work stuff whilst waiting for my daughters various weekend classes to finish. You could do this with the Elitebook but just isn’t as easy.
The other ‘killer’ changes that’s come recently for tablets in addition to their processing power is USB-C. It's not quite 100% perfect yet for me to drop my Elitebook for work, I need x3 screen support. But it's not far off.
For OPs needs of general home use, tablets + a USB-c Dock for a desk would be more than enough interms of productivity and media consumption.