I would say, if you get a tent like that, don't expect too much and you'll be right. If you were expecting rain i would put a big tarp over it. Even expensive tents can leak. At $124 i wouldn't expect it to last too many years, probably has cheapo zips that will break in the first day etc etc, so yeah, don't expect too much and you'll be happy.
If ten people put in $12.40 each to buy the tent, i reckon that's probably good value and then throw it out after the camp
but ya never know, it could last you years