Trumpy thanks for letting me be part of your group.
I would agree with you about $20 multmeter's we sell them but I don't recommend them especially for trades people. However for a homeowner or hobbyist they are fine as long as someone does not use the meter where it is not safe as in electrical distribution panels.
I agree no matter what the trade buying good tools is generally a good idea. But even then they need to be updated at times. True RMS Cat III rated test equipment is what electrical contractors should be buying at a minimum. Older testers that are not True RMS can be significantly off in readings depending on the harmonics in a building.
I hate to see a older tool I have finally wear out. I've been dying to buy new table saw for about 5 years and just replaced the motor again last year. Maybe one of these days