The curent reality, IMHO, is that, for instance, the newer Squiers are great in their own right. My VM P TB is a cracker, and all I've personally modded was better tuners, a Fender string tree, and a Fender bridge cover, so that, apart from the 3-bolt and bullet, it's a Telecaster. It's entirely gig-worthy otherwise. So I too am beginning to have some resonance with the idea of buying 'cheap' and modding up a bit. I've got a hankering for a CV 60s P, which I would put VR tuners on, and the metalwork. Instant brand new 60s P! There's simply no downside.