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I think its all relative. 1k to some is a lot of money, whereas 10K to others is just a drop in the ocean. The key here and in any hobby is: research, speak to others, more research. Take your time and don't buy on impulse.
Unlike things 20 years ago, we have the internet and that is a wealth of info @ your hands. One can do more research in 60mins literally for free than what you can do from going to libraries, buying mags. With that at your disposal, you can get estimates of the costs, initial and future and then decide if this hobby is for you.
Another thing to consider is personal satisfaction. If you end up getting immense satisfaction out of the hobby, then there is no value in that, regardless of cost.
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