I own several expensive Fenders, but I also have a couple of Bullets and Epiphones. I don't think that there is anything wrong with the cheaper guitars, in fact, I play them more often than the "good" ones. It all comes down to what you like, and if it sounds and feels good to you, that's all you have to worry about. On the other hand, a crummy amp can ruin the sound of any guitar. I would suggest putting your cash into a quality tube amp.
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