It's anecdotal, but it seems like there's a strong correlation between low gun cost and its defensive use by non-LEOs. It makes sense. The guy who can afford a $5000 Wilson Combat 1911 probably lives in a very nice neighborhood with good police response, alarms, etc. The grandma in the hood with a .32 top break passed down from her grandfather has a much greater chance of employing it with a break-in or domestic issue.
I tend to avoid gun snobs, and it helps that I live in a 'chuck steak and Coors' kind of town, and have a lot of respect for some of the retirees around who pack S&W J frames and 2nd gens, Colt D frames, and other guns shunned by the gun rags as obsolete. My Glock 26 is already considered to be on its way out as a late 20th century design...carry what you got!