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@badtmy
what they said. get the langster for 200.
if you build up a bike from scratch, it will take a lot of time and effort and you'll probably end up spending a lot more than 200 squid.
for your first fixed gear, a pre-built bike is a good idea, to see if you like it before you spend the time and money on a project bike.
and it probably wasn't the bike that sped past you, it was the rider (although fixed gear/singlespeed bikes can save a bit of weight over a road bike or hybrid).
but yeah, get stuck into it.