as with everything else , you get what you pay for
the chinese makes a lot of very good machines , but the importers have learned today to not buy the cheapest stuff , at least the most of them
so most mid priced chinese stuff is of a good enough quality for most hobby use
the chinese companies still have a little problem when it comes to choose what steel quality to use for specific parts and the hardening of them
and the chinese steel manufacturers doesn have the same standard at their products as we are used to in the west
so my opinion is still that its better with an used old swedish machine in decent condition
I dont know how it is in usa , but here in sweden most schools that teached how to use this type of machines have closed down
most of them was larger companies own high schools
so now its plenty of high quality smaller machines on the used market
most of the machines comming from former schools is in a perfect condition
here in sweden you can buy a used high quality lathe for the same price as a chinese
between $3 000 and $4 000 you get an perfect hobby lathe of high quality with very low running hours on it
but the big investment isnt the machine , you can easily spend 5 times the money you pay for the lathe on tools and accesories you need to use it , ok 10-15 times is also possible
accesories and tools for a milling machine is even more expensive
as an example I checked up a few years ago what it would cost if I should buy my drill bits today
its every half millimeter between 13 mm to 50 millimeter and every full millimeter from 50 to 70
approximately 5-7 years ago that set would have cost me 10 000 us dollars if I should have bought the Dormer brand (german high quality stuff) and thats just the drills