I guess the moral of the story is: If you really want to be a player, focus more on your playing and less on your gear. Or, if you prefer, you can be a garage queen like most of my former bandmates.
Not sure why its an either/or situation. Many pros play $1000+ basses. Can't you focus on your playing and on your gear as well?
If you amortise the cost of a bass over the time you spend using it, and factor in resale value, you'll find that even expensive basses are cheaper than, for example, food. Or housing. Or a car. Especially if you buy used. If the resale value doesn't plunge, you could get a $1000 bass to use for 30 years, sell it at the end of that 30 years at $1000, and only pay the inflation rate (roughly 3% per annum, or 30 bucks a year). That's ridiculously cheap.