True !
I bought a small Craftsman meter with a separate hot wire/voltage detector/"ringer" for less than $20 around Christmas.
The best feature to get on a cheap meter is one with a rubber boot. It might live through one "drop test".
The sears multimeters are rebranded Extechs which are mostly rebranded CEM multimeters from China (Extech MM meters are Brymen but I don't think Sears rebrands those). They are a step up from the Harbor Freight cheapies but not by much. Still pretty unsafe with glass fuses (not HRC fuses), minimal MOVs, etc. Combine that with their average accuracy makes them passable in a pinch but not something I would search out.
As for the above multimeter, it doesn't appear to be horrible. From what i can gather it at least uses fast fuses (not sure if they are HRC or not but its better than the craftsman in that respect). It's a VERY dated 2000 count, manual ranging meter but you could do worse. The shape and layout makes me think Digitek but in reality it could be one of a variety of makers.
If someone gets one it would be nice to see some pics of the board.
So why not provide us with a link to something in this price range. I've got Flukes, Simpsons, Amprobes and Ideals. None of them come close to that price. For what it is, it's worth considering.
Ask and you shall receive

My favorite meter in the under $30 price range is the Uni-T UT136x. It's an auto-ranging, 4000 count, 10MOhm input impedance, solid, reasonably safe budget meter (it has a ceramic fuse for the 10A setting). It runs around $15-20 shipped from ebay.
The variants:
UT136A standard meter
UT136B from standard, adds capacitance measurement
UT136C from standard, adds temperature measurement and probe
UT136D from standard, adds non-contact voltage detection (though there are reports that the NCV is for 220V countries, not USA voltages).
Unlike most of Uni-Ts other meters, these models are all based off of each other. For others, that isn't always the case. For example, the Uni-T UT61E which I love is COMPLETELY unrelated to the UT61D which is mediocre at best.
If you are looking for a budget meter at a different price point (or with certain features) feel free to ask. I'll see what I can come up with.