i agree with you get what you pay for... with one exception....
Oh I don't even really go that far. For a lot of test equipment, you don't really need to spend much these days. Just avoid the absolute cheapest stuff, and read the reviews, and you can get plenty of capability at a pretty cheap price. I'm definitely not in the 'Fluke or GTFO' camp. China has gotten really good at copying Fluke designs.
That's also why I usually say $25 is about the bottom of the 'ok' range for DMM's. There are plenty of good DMM's out there in that $25-40 sweet spot range. (And the price of the cheapest Fluke has steadily come down. It used to be like $175, then $100, now they have a $50 model.)
And when you're in that $25-40 range, you discover that many DMM's will often have some feature that others don't, that you'll usually like on a particular meter. Stupid stuff like a backlight, or a power button, or transistor measurements, or the fact that they beep in diode mode by default, or the way some beep faster than others, etc. Minor differences, but when you use one a lot, you come to appreciate them. That's why I have six meters now, and I use them all for different things.
