I use Harbor Freight as follows.
How often will I probably use the tool? Once a year? Get it at Harbor Freight. Once a week? Invest in a good tool.
Is a good tool pretty expensive and I don’t know how often I will use it? Get it at Harbor Freight
Is this a replacement tool for a tool I bought at Harbor Freight? Get a good name brand, it’s a tool that I’m gonna use a lot.
Does it have a sharp edge that isn’t replaceable? (chisels, etc) - DON’T get from Harbor Freight
Is it something I lost already? (sockets, drill bits, drivers, etc) - Get at Harbor Freight because by the time the Harbor Freight one wears out I’ve already lost it.
Everything else (screwdrivers, hacksaw handles, sockets, wrenches, etc) - get at Harbor Freight
I would say one caveat for the Hackerspace is that some tools people just walk off with, either intentionally or accidentally, like screwdrivers, wrenches, tape measurers, etc. Don’t spend too much money on those, replace them with Harbor Freight.