derek, I just got an electric bass off of amazon for $70. It sucks, of course, but it works. For my early recordings, I simply played a de-tuned guitar and pitchshifted it down a bit digitally and amplified the bassiness through Adobe Audition and most people can't tell the difference. I also did the Drifter thing where I took a shitty guitar and put in bass strings, which destroyed the neck on the electric but it sounds really cool.
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