I love the 40k limit. My typical battle setup for most characters average out to 5,898 gold, so to me it's more a problem of trying to come up with a new outfit every round. I'm also a loomless pauper so the estimate is accurate. The limit makes me happy though because all I can think when I see people wearing less armor than they usually do is... welcome to my world
I'd have sympathy for ranged but they hurt me so no
Also, as Jesus pointed out, you can wear quite a lot with the current limitation. To add to it, who cares if it's unloomed? It's not like anyone else is wearing looms.
-idlewind