Haven't cared about turntables in a looooonnnnnggg time! That said, I'd agree with your analysis.
If I were interested in turntables. I'd be looking for a high-value, high-quality product and...
I'd either be choosing a well thought of 'inexpensive' manual turntable in the $300-500 range (Rega, Pro-Ject, U-Turn, Music Hall, etc.) to occasionally play albums that I've never been able to replace when I made the switch to digital.
or...I'd be looking to go "all-in" (relatively) and would expect that cost to be north of $2K. So even $1500 for the turntable plus $500-1000 for the cartridge would be 'reasonable'.
EDIT: just looked at my old brands -- Linn & Thorens; seems that I should up my "all-in" number to north of $5K
So glad I dropped the needle ...ugh! To each his own but it's a high-maintenance, lower fidelity format -- imo