Hi Tim & welcome. I suspect the $250, 50mm lenses to which you refer are not the "standard" lenses of years past. You are probably talking about the Fa 50 1.4, hardly a standard lens of years past. I think standard 50 of years past is more in line with manual focus, f2 land. You can still buy some great 50mm manual focus lenses for well under a $100, and faster than f2. Prices have recently escalated, true, but if you are from that era, then stop down metering and manual focus should be a cinch.
For example, I bought a never-been-used M 50mm f1.7 off Ebay for under $30--new in box. Sure, this is not an everyday thing, but look and you too will be successful snagging some great old glass--if you choose to. BTW, great choice of camera there, that K20d!