the one webbing thingee I had was well over 20 years ago, and I recall being disappointed in how it lost its elasticity after a somewhat short time, but that was a long time ago and maybe there are better ones out there. I guess for shoes or whatever they hold stuff better, but for holding a shirt or socks or shorts on to finish drying, regular bungees work fine, in my experience anyway.
I have found a huge variation in the quality of elastic in different bunge cord materials. A couple years ago I finally had to replace the bunge cords on my kayak deck, they were over 20 years old which I think is pretty good.
I have also had bungee cord inside of shock corded tent poles that lost elasticity in only a few years which I think is pretty bad.
Thus, I think the quality is a roll of the dice, you find out later if you got the good stuff or not.