I haven't had any problems with Extreme's, or Pro Qualifiers, or for that matter, any of the Pflueger baitcasters from BPS, all under 100 bucks. Granted, I don't fish 7 days a week, 8 hours a day, but haven't had one defect or problem with any of them, and for spinning, I've had great luck with Shimano's, I like the Spirex for low priced spinning, and the Daiwa Laguna is rapidly becoming a favorite spinning reel for me.
Again, I'm talking trying to get the most I can get for the least money.
I don't really concern myself with what brand my fishing buddy or the guy in the next boat uses, or how much it cost,I just get the best I can afford at the time, and try to take good care of the equipment. The reels mentioned here have worked great for me, some of them for a number of years now. They've all mentioned some really good reels above, good luck with your reel buying! egMike