I have an old Oki black and white laser text printer that just keeps chugging along. I replace the $30 toner cartridge once a year or so.
If you are looking for a color printer, the best thing to consider is the cost of color cartridges, not necessarily the initial cost of the machine. The manufacturer makes more money on the replacement cartridges so check the number of documents/photos you can print before replacing a cartridge.
Someone else will have to address the "bubble or ink jet" question.
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Some days it just doesn't seem worth trying to chew through the restraints.