If your philosophy is, "A tool of questionable quality is still better than nothing," then a $20 handheld might have a place in your collection - especially if it is a collection and not the only one.
I have an embarrassment of riches when it comes to ham radio HTs. About half are Baofengs. After testing I put them in car kits and other places where if they get lost or suffer from rough handling I won't lose my mind.