Although I have used many substitutes for a well-made holster, I have never been completely satisfied with anything less. I remember losing a pistol out of my back pocket, fortunately without damage to myself or the gun. I have laid them on the car floor boards, which never benefits the finish of the gun.
Cheap holsters feel, look, and sound cheap. They are, however, better than no holster. I would rather think, since I have such a high investment in frames, barrels, optics (future), I CANNOT AFFORD a cheap or no holster.