I have no personal experience with Hi Points, but I've not heard good things about them.
If I were on a budget, I would probably look for a used Taurus or Rugar revolver and start saving up for a Rugar automatic. (Kel-tecs are also ok for the money. My 9mm was only 220$, but I wouldn't trust it past 10 yards to hit a person.)
Ultimately, you get what you pay for.
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"Of all tyrannies, a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." – C. S. Lewis
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