Well, not always... My Peavey Grind's electronics were absolute waste, but I've had a Peavey Express112 for 20 years already, and it's in tip top shape. Not that it is the most pristine sound, agreed, but it is well built, and has stood 20 years of gigging, sometimes heavy. I do also have a Classic 50 2x12 tube guitar combo, which i bought secondhand, that is also 18-20 years old, but it has not seen that much of daylight, and it's doing quite fine after all these years. I think it depends great;y on what kind of equipment, and the year/place of building. Generally I've found that electronic stuff built in the last 10 or 15 years tend to be less built like a tank than the stuff I grew up accustomed to, which is definitely sad. One turns up looking for stuff built +20 years ago (I definitely do... my whole guitar and bass rigs are state of the art by 1992 standards!) and then mistaken by secondhand equipment dealers as Vintage lookers, so they charge you double, haha!