Yes it is cheap. However if you are looking for a file box that you rarely have to touch and just want to store papers and files neatly in the house this is perfect. Not very sturdy but adequate.
This is what I was looking for but overpriced unless you can find it on a great sale and or add a coupon. Somewhat thin and flimsy. It will work but the number one problem is the way the front latch is built and designed to unlock difficult and even pops out when you try to open it which is not easy or smooth.