If you're getting into woodworking because you want to build cabinets and built-ins for your house, your version of the thousand-dollar shop could be centered around the tablesaw. I have danced around this topic for a while because although I do have a tablesaw, it isn't one I would recommend for cabinet work: it's underpowered and has a very small table which tilts to make angled cuts, so is not safe for breaking down big sheets of plywood.
The saw as I found it when I visited the pre-auction inspection. There was no play in the arbor bearings, no major rust, and the inside was not caked with old sawdust: all good signs.
Recently that changed, when I had the chance to get an old Delta Unisaw for an excellent price.