I can't speak for you, but the only thing I have with a leather cost at or above $20 is a cowboy rig or saddle scabbard.
When I first started anything I sold wasn't worth good money. I knew it, my customer knew it, but we were both happy. As quality increases so does the cost. I'd imagine I have 2-3 times that figure in tools and I could spend double that tomorrow and not have everything i wanted.
To me there is a difference between inexpensive and cheap. Uncle Mikes is cheap, low quality leather is cheap, top quality materials put together by a mediocre at best newbie like I was? That was inexpensive but for good reason. Folks buy what they can afford and I'm not here to judge 'em by their purchases.
Hey Dwight, I think that right there sums up my feelings real nicely. Whenever I look at something no matter how miniscule that isn't quite right...it eats at me until I fix it, replace it, etc. Other folks would send it out saying they'll never notice and family/friends have called me crazy more than once. To get my stamp it has to be 'right.'
I'll never get rich off it but I sure do enjoy it.