Resawing on a bandsaw

All,

Are any of you all using a bandsaw in the same way Paul depicts in his latest Seller’s home videos? He planes a face and reference edge then uses the bandsaw to saw the adjacent faces. He is basically using his bandsaw to resaw the board to thickness where most machine woodworkers would use a thickness planer.

I’ve been doing everything by hand up until now and have decided to add a bandsaw to my workshop. I was originally just planning on getting a model capable of ripping boards and continue thicknessing my boards with a scrub plane. If I’m planning on using a bandsaw to resaw the boards, it seems like I’ll have to spend a good deal more to get a saw capable of reducing the thickness on 8″ plus wide boards (e.g., reducing an 4’x8″X 1″ board to 4′ X 8X 3/4″).

Have any of you all tried Paul’s approach here? What do you think would be the minimum specs I should look for in a machine to be able to follow Paul’s approach?

I’ve read Paul’s excellent blogs, but he does not address reducing a stocks thickness in the articles.

As a side note, the price of band saws has increased drastically over the past year in the US. A model that use to cost around $1,000 is now going for around $1,500.