Load of BS here. What I find interesting is those who buy expensive basses often live hand to mouth. They often lack the financial intelligence and the discipline to save their money for something that actually provides a noticeable result, like paying off their debt or not financing a car. They just give into the moment and spend, spend, spend on things that make them feel like a great player, without that product actually doing anything to make them a better player. Like a pudgy middle-aged man in a corvette.
These judgemental generalizations are fun..
I put anywhere between $1,000-$2,000 into savings each month, will have the remainder of my student loans paid off within the next year and so far have about 4 months of emergency savings in the bank in case I lost my job, have zero credit card debt...and I own some fairly pricey acoustics, a couple basic electrics (SG, two Teles) and a few P basses ranging from MIM to MIA), so you can generalize all you want.
However, you see it pretty frequently where someone posts their "family portrait" pics where people are loaded up with Squiers and what not, then complain that high end basses are too expensive or overpriced, when they could have just stopped buying all the lower end stuff and bought one or two higher quality instruments.
I'm not saying that there is anything wrong with owning cheaper instruments. Far from it, and as we all know, cheap doesn't automatically mean crap. I'm more referring to the guy who starts a thread like this whining about how a matching headstock only exists in the $1,000+ price range when they might very well own a Buch of basses already.
And for the record, I played one of these earlier in the year and it was a great instrument. And was priced WAY under a grand, but maybe the OP is just a label snob.