This debate comes up frequently. In my opinion there is a definite limit to which you cannot go below and expect a useable instrument. The Rondo basses may be the exception to the rule. Fortunately that limit is rather embarrassingly low. If you cannot come up with $250, then Rondo is your only reliable hope for new basses.I have two of the upper level Squiers and can find no fault with either of them.
Even a cheap Chinese jazz clone I bought almost 20 years ago still has the original pots,tuners and wiring. I’ve never ever had any problems with a tuner or bridge.
Would you want to chance playing in front of 20,000 people with one?, probably not. But for learning at home, no problem

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