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Not true. You can find good deals on nice dress shoes if you look. I have pairs of made in Italy boots (Johnston and Murphy, not Ferragamo), retailed for $300 each. Bought them during BOGO sales.
Regardless of that... something doesn't have to be hand made in Italy to use good quality leather. Just using some nice quality calf skin would go a long way and honestly not cost over $200.
Regardless of that... something doesn't have to be hand made in Italy to use good quality leather. Just using some nice quality calf skin would go a long way and honestly not cost over $200.