Musicians Friend was blowing thos out July 2013
At $69
Like a door buster sale or something
Mod the &^%^ out of it!!!!
fill all th3e cavities except for bridge pickup and two knobs
volume + 3 way mini switch for whatever wiring
Reverse silver burst
DiMarzio X2N with Series/Parallel/Split
(Silver with black rails)
I think you can still find cheapo eBay counterfeit Strats $50 new. I bought one a couple years back and reviewed it here; TLDR I was surprised it was actually playable at that price point, but it had some ridiculous flaws. Still own it, but to be honest thinking about putting the stock electronics back in it and dumping it at a Guitar Center; I got annoyed with the neck and a regular spec. Fender replacement doesn't fit.
I have bought Affinity and Bullet Strats for around 50 bucks used at Guitar center
If it says Peavey on the headstock it's even less
For around $50 I bought an old Yamaha RGZ at Guitar Center that plays as well as anything. I was really just curious about what that amount would get you in a new guitar, more than I was being practical.
Affinities/Bullets are great as far as build and sound. Really don't like the rough neck finish though; G&L Tributes and some MIM Fenders are at least matte without being rough.
The Squier necks have an easy fix. Wipe em down with a damp cloth to get the wood's "hairs" up, then polish with 0000 steel wool. You can then tung oil it if you wish.