There is nothing wrong with a hi point that can't be said of keltecs and kahrs. As a matter of fact, I would bet money that a given batch of Hi Point guns would be MORE reliable than either of those much more expensive brands on average.
There is an IMPORTANT place for "affordable" guns like the Hi Point, because especially in this economy not everyone who wants to protect their family can afford $800 for a pistol.
Long ago when I was a broke young man I had to buy a Davis .380 at one point due to finances. I believe they are similar to Hi Point as far as the metals used. The Davis was basically made out of "pot metal", and after 500 or so rounds the slide cracked slowly open, though it kept working. Same of the other Davis pistols my friends bought. But hey, the things were like $60! And they were quite reliable. I call that a decent value for those who can't afford more.
For the money they are fine guns, and serve a very important purpose. The second amendment wasn't written just for the wealthy.