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@jayloo
Oh god, this question is still very much fresh in my mind.
About two years ago I got bitten by the cycling bug. I bought my first frame, a mid-80s Bianchi, for $175 (I'm American, y'dig?) and spent $120 having the back wheel changed. I loved that bike, it was beautiful, and then I began to get new (old) bits and bobs over time to change this or that. And then she was stolen. sigh
Got a crap bike for £75, the boyfriend did some fixing for another £75.
Now I'VE bought a new frame, researched, read, cried, tore my hair out, missed auctions, won auctions I shouldn't have won, gotten beautiful parts, and am t h i s c l o s e to actually completing my first "build" for my ownself. You'll never look back.
P.S. That old frame is about to be repurposed as a polo bike (not for me). Watch out if you get into polo!