Some of us arn't looking for a race gun, and are perfectly happy with a decent factory gun.
Ayup. $1000 & less retail will buy a reliable 1911. No need to duct tape a wad of benjamins to it and fedex it to a high-dollar 'smith.
Oddly enough, before the 1911 became a gunsmith's meal ticket, they were issued in the 100s of thousands to troops for nearly 70 years. Even passed reliability testing done by the US Army. The last batch of for-gov't 1911/1911A1 pistols was
1945. By the time Vietnam and Delta came around, the newest 1911 in the inventory was 20 years (VN) to 30 years (delta) old and had seen lots of use. Older than their users, for the most part. Recently, some units have purchased new 1911s.
A local guy used to hold an annual contest where folks would bring their Glock or 1911 and shoot until there was a malf. The dude is a Glock guy and assumed Glock would win. Well, Glock did win, about every other year. Other years, it was won by a guy with a 1911. Moral of the story: good design & execution, combined with good maintenance, makes for a reliable platform.