In context it does make sense, as the suggestions seen commonly spoken about on the Gon for New Model TT's is typically north of 2-3x this price as a most basic suggestion.
I might be the only individual recommending a very worthwhile TT to experience that is from the Vintage era, being a Japanese DD TT Aurex SR 510. This model can be purchased and delivered for not much more than $350.
This is an extremely competent TT for the money, where I know much more monies are required to better it as a OEM TT with Plinth from any era of TT's on the market.
Mount this TT Chassis in a Plinth using materials that are a better selection for the purpose, and give it a good choice for Tonearm and this will be a real contender to many much more expensive options.
I even have a motor unit only to produce a SR 10 Kaneta mimic design, the Electronics are the Stump for myself, but it is not unsurpassable as a requirement.
Note: As in all Vintage Equipment Purchases, Caveat Emptor is ones best friend.