i watched craigslist for a few weeks and scored
oly weight set - 75
para-body rack -150
second oly set - 70
standard bench - free with oly set, dude was tossing it. i recovered it and sanded off rust.
heavy bag- $50
everything i need for about 350. you can get great deals if you're patient. luckily my rack is the perfect length for me to put both barbells inside the rack and do dips with.
i made my own thick dumbells out of PVC for less than $10, and found some .75 lb washers that make perfect fractional plates from ace's for a little over a buck each. only thing that really cost much was the band set from iron woody, it was around 70.
my point is for less than the average year long gym membership, i have a great setup at home with the freedom to use bands, chalk, and blast suffocations's "pierced from within" as loud as i want while making loud noises and swearing at will.