Might I ask where you scored the M48? Great price.In that case it is a good project to buy a sporter that inst to far molested and restore it. More money long run but you get the satisfaction of doing a good deed for a true classic.
But ya I hear ya the Yugo Mauser like the M48 and M24/47 can be had for $110-$150 (I just bought two more of them). There great deals and for a $150 dollar gun they sure hold a candle to much higher end pieces. Probably the best buy in today's market. I think they were made a lot better then the Nagants and for only a little more you get twice the gun, LOL sorry if that offended Nagant fans out there. Ammo can be had for $.25 cents a round faily easily.
Might I ask where you scored the M48? Great price.