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Yup did this to myself too, been working constantly all year so not lockdown boredom, more like 'when i'm home, i'm not working'
I bought a 70's technics in really nice shape, replaced rca cables, new 70's headshell and an upto date medium priced cart, boom, for me performs great, sure better exists but I'm really happy, have spent I think just about £500 and apart from cart/stylus wear its not really going to depreciate like a new machine would.
Many friends + neighbours have been slowly splurging on their home entertainment (pc/consoles/film cinema stuff/hifi) since they are either home more and want to treat themselves and are in the envious position of being able to do that, or like me have worked longer and harder than ever before, and want home to be a place of rest + enjoyment.
Fluance with the ortofon blue or red in it for £425 is the best specced afaik. Though the regular rega p1 despite "low" spec seems to keep many people happy for £250, think there are a few decent phono preamp for approx £100