Brandon,
You've really made big strides in becoming understandable. Just compare one of your later posts and compare it with your first few posts on this thread, and you'll see. Bravo!
And your Kay probably is a piece of crap, given that it was stuck in standing water for so many weeks. I'll give you the benefit of the doubt on that one, since I've never played a bass that's been stuck in a flood. No problem.
You're young right now, and seem a bit stubborn. That's okay also. Everybody's a little stubborn, and stubbornness helps in situations in which you know that you're right, because you've gained the knowledge and experience to say so. Brandon: stubbornness doesn't work as a neophyte, and you're a neophyte.
Believe me: I was in a similar situation as you. Looking at the shiny, brand new Cremonas on eBay selling for less than $1000, and thinking they were a great deal. Funny thing was, that I had 4 years of experience under my belt in high school and I had played some great basses at the All-City Orchestra in NYC. But I had only a faint idea how much basses really cost, and I didn't even know that i could get them setup to my exact standards (I only knew they could be repaired). It was fate, I guess, that I found out about luthier setups from a person who was selling a bass that I was interested in. I already had a bass, the one I mentioned a few pages back, and it was hard to play, just like your Kay; after the setup, it was easy.
But had I not run into that guy, I probably would have spend a few thousand bucks on a bass that I wouldn't have been too happy about; instead, I managed to spend only about $350, including strings, to revive my old bass.
Brandon, that fate you've run into is Talkbass. The guys on these boards know what they're talking about, so listen to what they're saying. You're looking for the cheapest carved bass possible, while everybody's flashing red flags at you. There's a reason why everybody says that entry level basses, and I mean plywood basses, start ar $1500 or so (although some good ones are slightly lower). There's a good reason why Arnold Schnitzer and Wil De Sola can sell their plywood basses for more than some decent carved basses can go for. It's all about sound, playability, and durability. The 'brand' name only gets its value if those criteria are good.
How do you know what's good out there? Play the bass, and ask your teacher or an experience bassist to try it out for you as well to get their take on it. Play lots of basses also. Avoid eBay and mail order basses, IMO, because you don't know what you're going to get.
How do you know whether the bass will be durable for years to come, or keep popping its seams or even implode after a couple of years or less? The 'brand' name helps in this case, as basses get their reputations for whether they can stay together for more than a few years. Also, a luthier can inspect the bass and its internal construction and let you know.
As for the Jim Laabs basses, I haven't heard much, but some say their decent for the money. Some have said that the company that makes them presses the tops instead of carving them, which makes them kind of risky IMO. Also, Jim Laabs has a reputation of being an *******, but that's just a seller problem, not a bass problem.
So in conclusion:
1) Listen to everyone here, and form your opinion based off of that instead of listening to your own stubborn self.
2) Read the various thread in Talkbass, especially the Newbie threads.
3) Try out as many basses as you can.
4) Don't be impulsive when it comes to buying your bass or other equipment. As Kevin noted, it can cost you a lot of money in the long run.