Do you think "twice as expensive" is meaningless? Because by that same logic, if I start with "once as expensive" that's not a number and multiplying by two gives me a meaningless concept.
Once as expensive is a number, it's 1 x the cost. Twice as expensive is 2x the cost. Once as cheap might arguably be 1x the cost, but twice as cheap is undefined.
It seems like we're taking at cross purposes. I'm not trying to convince you that anyone says "once as X". I'm just saying "twice as cheap" is nonsensical. Because it's a multiple of something undefined.