I searched for months for a hobby lathe at a decent price. Folks seem to want a lot of money for heavy used stuff here in California. So I decided on just buying a Precision Matthews lathe, as I had a good experience when I bought my PM-30MV mill. Smallest is the 1022, so I figured I'd go one bigger and get the 1127. After some shipping back order status changes, I ended up upgrading to a PM1236. I'm happy.
No more searching craigslist hoping for a good deal. Its done. I can start having fun instead.