the balloon bass was a gd one. hah'
my advise is to SAVE MORE till $400/- ,unless, you really so desperate,
go for the LOUSY ones lor.
it's your choice.
bass ain't like much similar to guitars, we are talking about the tones, wood, and the pups. every single bit matters and will affect your playing.
a gd bass guitar will inspired you to practice on or more.
I love my 6 string spector and 4 strings fender jazz, that's why I look forward to my practices everyday. Just touching the instrument and hearing the boom boom sounds makes me feel warm

IMHO, i'm not a rich kid or anything. I really save up and work countless of part-time jobs.