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@fred.frederick
I've never thought of factoring in my time in a private sale, I'm a little suprised others do this. If a bike is setup perfectly, then that certainly goes a long way (personally, I find the wheel builds on old bikes lacking in the main).
Overall I'm pretty frugal/cheap and lament the idea that these kind of usable, everyday bikes are getting "trendy" and becoming fodder for conspicuous consumption (Alex Singer's may be nice and all, but even if I had the money sitting around, I wouldn't be buying one for their boutique prices), when in my opinion they should 9 out of 10 bikes in the LBS.