Yes, that's true, but it really has nothing to do with this discussion. The original question was "Do you really need expensive equipment (to make a usable recording)?" From there, we get into a semantics war; how much is "good enough"?
I've been around U47s and 2" machines most of my life and they're great, if they're working properly. And yes, I love the sound of U47's and U67's, but can you make a decent recording without them, just using less expensive stuff? I believe the answer is yes, but it is harder.
You hafta maybe work harder and work smarter, but it can be done. A lot of people here are just starting out, with minimal equipment and often, minimal knowledge. Before we start recommending that everybody should rush out and buy expensive equipment, why not help people learn how to get the best results out of what they already own?
That was the original purpose of this thread. No expensive mics, no outboard preamps, no expensive comps, eq's, or reverbs were used. Is the final product "good enough"? Not for a major label release, but probably good enough for many indie labels. Certainly good enough to get gigs, to sell, and maybe attract some label interest.