From what I understood, usually, laser burns everything, so it's like "the best shave you could ever get", then everything grows back normally. After a few weeks,
part of the hairs will fall off "permanently". This will keep on, session per session, until all "laser-able" hairs have been killed off.
As for electrolysis, yes, it costs a lot and takes forever. Tens and hundreds of hours. Usually, people actually wishing for their hair to go away go there a few hours
at a time, one to three times a week.