There's no excuse for getting ripped off. If you don't need a fancy system then you don't need to spend $1400 for one that won't last you much more than 2 years.
If price doesn't matter send me $1400.
I can say that I would not pay more than $700 total for that system. But then again I have never been one to like sub 1k systems for use as a main computer. For example I would spend <$700 on a file server