re: What's your favorite cheap guitar ?

I admit that I am an electric guitar snob. I've always had nice electrics around.

That said, when my son was offered guitar lessons in school, I needed to buy him a cheap acoustic. The teacher recommended that I buy a Big Baby Taylor. It has a smaller scale and was like $399. Fifteen years later, that guitar still gets played as much or more than anything in our house. It holds tune perfectly and is incredibly easy to play.