Hi Brodie,
Everyone is different in their idea of a cheap price. What would your thinking be?
I think, like in most things in life, value for money is with each individual. I might think $100,000 is cheap, and good value for a horse, and of course, others disagree.
I can not speak for others, but ownership is the use of my leisure dollar/s, in a sport that I love, with no expectations, but a little hope. It is an interest that you meet some wonderful people, and can live the dream, if only briefly most of the time.
Cheers.
Robert.