Well you definitely don't need to spend over a thousand bucks for a home use rack. The thing that adds up is the accessories and attachments though.

Since you are into using straps and such then a power cage would be the most convenient route..and you can get quite an adequate one for 300 to 600 us bucks. Then figure 60 bucks or so for band attachments if you want those, and other things you might want.

You can get a rack for even under 300 though...

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If you act sanctimonious I will just list out your logical fallacies until you get pissed off and spew blasphemous remarks.