pennview wrote:Steve, nice read. I agree especially with you on the price issue. When I bought my first Shopsmith in August 1980, I paid about $1,000 after watching a couple of demonstrations at a mall. I had a table saw at the time and little else, but wanted a drill press and lathe, and with limited space, the Shopsmith fit the bill. I sold the table saw and bought the Shopsmith. If you watched a demo at a mall today and heard the price, you'd likely want to do some comparison shopping in the tool catalogs, and that's where today's Shopsmith gets clobbered.
For the price of a new one, you can outfit your shop with decent tools and have money to spare for all the extras and some lumber. And I think most guys come away from a demo thinking just that. While forums like this one and used sales on Ebay and Craiglist demonstrate continued interest in Shopsmith, the new ones simply cost too much.
There is no argument about whether or not the price of a Mark V/7 today is possibly a limiting factor. No doubt $3900 makes many would be owners think twice.
Yes, you can go to many places and buy woodworking equipment that costs less. If you look no further than what you get for your money - a table saw, a drill press, a lathe, a sanding station and a boring machine (don't think you find one of these) - you will come away with spare change. BUT - twenty years from now I doubt that you will be using those same machines. You will most likely have had to replace them because they wore out or broke down prematurely.
If one is going to buy a $3900 Shopsmith it will because he needs versatility in a small shop and demands a quality machine that will last. Obviously, I think the machine is well worth that.
I paid less than half that price for mine and I got a belt sander in the package deal. But in today's dollars there is not much difference. When I bought my Mark V, a gallon of gasoline was $1.12; about 1/3 of what we pay today. Median household income then was $29,000 a year; about the same ratio.
The cost of a Mark 7 is significant but it is not out of line with the general economy.