eBay and Craigslist finds

Honestly are people stupid? Or is there an incredibly compelling reason this beater is going for 200 sheets? He hasnt even specified a brand of any of the components, bar the fact it was a raleigh frame. Yet he neglects to mention any tubing specs either. Might throw a few of my beaters on there.

So all the parts are new but he's ridden it for four years without changing anything other than tyres or pads?