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I think you might be right for what it is in terms of materials etc, but for me it was the only bike that met all my requirements in terms of geo, availability, wheel and tyre compatibility, chainring clearance etc. And it rides like a 700 quid frameset, not like a 200 quid kids bmx, so if ride quality was a concern more than price then I was trying to say keep it on the shortlist.
Everything I look at I think it’s overpriced to be fair