Conversely, all of craigslist I bought a leather recliner couch for $50, a 40 inch TV for $250, and a dining table for $125. That's $425/yr vs $1440/yr, and I bought those 3 years ago - which would be $4320 @ $120 * 36 months.

It's a good option for certain lifestyles, but can equally become surprisingly expensive if not manged.