Got tired a few years ago of cheap irons dying so quick, so I splurged and bought a $100 iron. I thot that would be the last one I'd ever have to buy. It lasted about 2 days over the one year warranty period.
I said never again on the expensive ones. I don't have any problem throwing a cheapee (cost under $20) away after 1 or 2 years, but it hurts throwing a expensive one away that should have lasted longer.