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@Velocio
I like that way of putting it.
Pub - £350
Commuter - £2,100
Nice bike - £7,000-ish
As other people say, it soon adds up. £20 to improve the headset, £5 to improve it again, a few more times over and you're buying a Chris King and wondering where your idea of building a cheap bike went.
I'm seriously thinking of dropping money on a Charge Plug because the other bikes are at the point where I don't lock them outside.