Monday I ordered a Baofeng UV-5RE+ 2m / 70cm hand held from Amazon.com for under $40. I've been looking at them for a couple of years and figured you can't beat the price. I'm glad I waited because the 2013 model is suppose to come with a decent antenna. It got here today. I've unboxed it and have it charging. In general they have gotten good reviews, as long as you aren't expecting a high end radio you won't be disappointed.
I'm not Ham so I know little about em, but I figure for an OH SHIBBIT!! situation they are handy to have. This weekend I'll work on programming it, with CHIRP software you can extend the frequency a bit. I will probably pick up another one at some point.
I'd like to get more comms gear but that all depends on money. In a larger city I would probably hit a Hamfest and pick up some decent older gear for basic coverage of various bands.
I am aware of the legalities of using them if you don't have your ticket, with exceptions for life and death emergencies of course, but since I don't plan on using it (them) aside from TSHTF ina big way there will be no issues of legalities if/when they do get used. And honestly, in that situation I don't think I'm going to care about legalities.