$46 only seems steep because you're used to buying cruddy Walmart-type belts.
$46 is an absolute STEAL of a price for a real honest-to-God gun belt.
"buy once, cry once" is often bandied about in regards to scope buying... Same holds true for buying holsters and belts.
Buy QUALITY once (or a few times) vs. buying junk several times.
As WebSnyper alluded to: How much do you have invested in the gun/ammo? Why the investment into a good Colt 1911 - only to hang it from the cheapest Walmart belt you can find?
Also, for the purposes of this discussion: Cheap does not equal inexpensive; and expensive does not always equal quality. I'd rather have an $80 Raven holster than I would a $100 High Noon Holster...
/\ /\ /\ /\ /\ /\ THIS!!! Pay for quality. After buying a real made-for-guns-gun-belt I will **NEVER** use a cheapy 'decorative' belt to hang my gun from again. There is a world of difference, especially regarding retention and keeping my gun close to my body. Also, comfort is better when the gun is properly supported--the weight is distributed more over a wide sturdy belt.....don't be cheap on your gear if you shelled out on your gun.... now if you were carrying a Highpoint, I'd tell you to get a $4 belt from the dollar store!!