I actually did the sums.
On color lasers. They turn out to be excellent PROOF printers 'this is what the thing will look like sire, once printed' and cost effective in the sub 100 or thereabouts print runs. And even a bit higher once you factor in the cost of liasing with the printshop and collecting the results.
As far as photos go., nope, we take those to the color photo lab and get them done on proper photographic paper, if a 'hang on the wall' print is what we want.
Color inkjets should be banned on humanitarian grounds, as being a form of cruel and unusual punishment.
Even my old massive A1 inkjet which cost a fortune would still block and clog if it wasnt used on every color at least once a week.