My brother's first stereo was an Electrophonic receiver with built-in 8-track and a pair of sealed box whizzer cone speakers. Then he bought a mid-pack Garrard (about $79) plus cartridge and a battery-operated Cal-Rad phono stage. It came to a total of $280 in 1970, which would be $1800 in today's money. Two years later I bought my first stereo, which was much better than his--an Altec Lansing 911A compact with 44 wpc receiver with Garrard SL95B turntable on top and a pair of Altec 887 bookshelf speakers. It was on sale for $419. That $419 in 1972 translates to $2568 today. Could you imagine a college student spending that much for a stereo today while paying his way through school?
But as Paraneer points out, my budget wasn't competing with a cell phone nor its $200 monthly bill, nor a cable/phone/broadband bill at the same price.
So this review basically calls the Pro-Ject indefensibly expensive even though it's clear and away the best-sounding of the bunch. Its $399 price is equivalent to $65 when my brother bought his stereo in 1970.That would have bought an entry-level BSR or Garrard back then.
Then their "Best Bang for the Buck" turntable is $42.90 on Amazon. This would translate to $7.00 in 1970. SEVEN DOLLARS? A Kenner Close'n'Play record player for children cost $39.95 back then.