I am fairly new to guitars, and am trying to understand why a Squire Strat is so much cheaper than a Fender. I've played both. I used to own a Fender American Deluxe Fat Strat ($1,200, maybe), but had to sell when I lost my job. I've been searching the used Squier Strats, and found a used Bullet, and a used Strat ($40 each) that have awesome necks that feel as good as the American Deluxe. Other than the obvious, are there any differences in construction? Is it not worth it to put better electronics in a $40 used Squire? How about making a new body for the Bullet? I don't really like the plywood, but the neck kicks ass!! I'm a furniture maker, and I figure it's all about the amount of time a human being gets paid to put hands on the guitar. Labor is expensive, materials are, relatively speaking, inexpensive. If I put the time in to polish up a Squire??? As "good" as an American Strat?