That's been my experience as well. I own a MIM 50s Precision from the Classic Series (2009) and an American Performer Mustang (2020), and they're both pretty good instruments. After I tried a Sire U5 last year, I knew I'd need to pick up something from them. The P8 caught my eye (the neck is unbelievable), and it immediately became my favorite instrument.
I know the P8 isn't a "budget" instrument per se, but to try and find a comparable instrument for less than $2000 is really challenging. Even the U5 beats all of my Fender instruments in most regards, especially because of the excellent fretwork.
The necks on the Sires are peerless at 2.5x the price IMHO. So playable!