Expensive is, to my mind, linked to the concept of a thing being more than it's worth. A Warmoth Precision with woodwork coming in at around £600 with perhaps another £400 on high quality components, gives me a FCS level instrument at £1000, and IME I'd have to spend upwards of £3000 to get anything better from Fender. So, if I'm buying a Precision, anything over £1000 is not only expensive, but unnecessary expense