As someone else already said, cheap instruments dont turn away those who truly want to play.
In fact, I would argue that more expensive instruments are just as likely--if not moreso--to intimidate would-be players of modest means from getting started at all.
I strongly disagree with the statements above. As many of us who have been around the block know, cheap instruments are often the most difficult to play and are the least rewarding in terms of how they sound. Sadly, it is just these instruments that end up in the hands of beginners, who are the least well equipped to overcome their substantial drawbacks. It's probably true that, given a very high level of motivation, such an instrument will not cause a beginner to quit. Absent such a strong will, such an instrument has, does, and will, cause many to give up in frustration. This is especially true if the instrument is poorly set up as many "cheap" instruments are. Often, the setup work is not worth doing on such instruments and, if done, the total cost ends up being the same as what a better instrument would have cost if purchased from a bona-fide bass shop that includes the setup work.
I just don't see the validity to the argument that more expensive (read higher quality) instruments are "just as likely--if not moreso--to intimidate would-be players of modest means from getting started at all." Place a better instrument into the hands of a beginner and my experience tells me that there will be a higher chance for success and much greater pleasure.
To say one must pay more than one can afford to get a "playable" instrument is to say one must be of a certain level of affluence to be allowed into the country club.
I don't know who would say such a thing. Certainly, I wouldn't. What I would say and what I have said is that one should buy the very best instrument that one can afford. For a new bass, I'd place the absolute minimum at $1200-$1500. In order to end up with a decent instrument with a good setup, that's the going rate. There's no magic. It's not about being allowed into the club. If that's more than one can afford, then I'd suggest re-thinking. Perhaps a rental agreement would be wise in such a case.
As for the Cremona, buying one is, IMO, not a good choice
a priori. You seem to have made out ok,
a posteriori. If you've been around TB long enough, then you know that for every Cremona "success story," there are many more tragic stories.