Did you miss the part where I said that anything lower than GTX 760 or R9 280 was a waste since the GPUs in the Xbone and PS4 are just a little below that?
You can't do a decent gaming PC for $500. You need to spend $700 at least, and that's expecting that you already own a monitor. If you don't have a monitor, you're basically going to be coming close to $1000 for an "ok" gaming PC from completely scratch.
Meanwhile, I think it's safe to say that there are more people with TVs only than there are people with computer monitors only, and you don't (usually) need a new TV for a console.
It's just not possible. I know Intel guys never like to admit that an Intel product isn't up for the task, but nothing below FX 6300 or i5 and GTX 760 or R9 280 is worth it for a gaming PC, unless you really plan on using that PC for other things and you don't own a laptop.
But that i3 is $10 less than FX 6300. I really don't feel like going through a ton of benchmarks and showing you that i3 wins when it doesn't matter (60fps+ already, etc) while FX 6300 wins hard in situations that use more cores, but something like that is getting close.
The cheapest 280 I can find is $190 after rebate on newegg. So you add another 100 dollars or so for a vastly superior rig.
Or are you going to tell me that Core i3 + 7850 is just as good as the extra $100 you spend on FX 6300 + R9 280? But either way it brings me to my point that a $500 gaming PC sucks,
but that price is irrelevant because PS4 is only $400 anyways. Xbone has a $400 bundle without kinnect now.
You aren't beating a console with a gaming PC if you're budget constrained. And I'm not even touching the fact that if you just want to play games, you can get a refurbished Wii U fo $200 with a free game.
Or the fact that a console is (probably) going to get you on a big LCD TV that looks great while a budget computer monitor is going to be some god-awful TN panel trash that turns into eye cancer as soon as you move your head.
http://pcpartpicker.com/p/VCZVGX
That is the bare minimum I would even consider telling someone to build, and it sucks hardcore. Unless you're telling me you're going to:
A. Use an old monitor that might not even be 1080p (ha, the irony of PC gamers going "lol PS4 and Xbone can't 1080p" and then buying a crappy lower resolution TN panel
B. Pirate Windows
C. Are ok with these god-awful bottom of the barrel parts
Do you want more proof? I basically took the cheapest options I could possibly find on PCPARTPICKER for the specs I was looking for. You can probably do around $500 if you plan on pirating Windows (or building a gaming PC to run Linux) and you have an extra monitor handy, but that's a lot of assumptions to deal with. Once that your build doesn't even take into account.