I'm one of those have-to-have-a-kay people. In Bluegrass music there's definitely "elitism". I might even venture to say more so than other types of music. I just spent the weekend at a Bluegrass festival - and out of hundreds of guitars that I saw, there were only a handful that were not made by Martin. In my band - there's a $4000 banjo, and $3500 mandolin. Before I was into this type of music I wouldn't have paid 4 dollars for a banjo! 4000???? If anyone is also a guitar player - check out the prices on an elusive pre-war martin D-28 (~40,000). Basses (thank god) are on the low end of the spectrum when it comes to the "holy-grail" sound for bluegrass. A Kay is what it is, but when you're looking for a very specific sound - it's nearly all that will do. I s'pose just as you might get funny looks by showing up to a bluegrass event with something other than a Martin or Gibson, you'd get the same look showing up to orchestra rehearsal with a Kay. We're all snobs in some way, I reckon....
Sorry for going off topic. A Kay is probably one of the few basses you can buy in the under 3000 range that will not lose value. At least in my opinion. I agree that the neck job is worth it.
