I'll be one of the first to answer. No, laminate is not a bad thing. Historically, they are cheaper than solid wood guitars, but this does not mean that they automatically sound bad just b/c of laminate back and sides. For example, my Tak, which is laminate back and sides, sounds a lot better than many solid wood guitars.
Most more-expensive guitars are solid back and sides; however, many expensive builders still use laminate sides.
More qualified folks will respond very shortly.
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