Interesting discussion. I've had great fun, great chagrin, and great
expense trying to achieve silk purse perfection out of sows' ear beaters.
OTOH, I've sold some such beaters and, afterward, regretted doing so. But
on the whole, I've learned that, unless the cheap find is exceptional --
either exceptionally good or exceptionally cheap, it's not a good way to
spend your money. But this sort of buy/rehab/try/sell-at-loss has at least
given me experience with many bikes.

Now my brother, OTOH, goes through at least a dozen bikes a year -- at one
point he had so many that he would lose bikes, frames groups, inside his
very large garage that was packed floor to rafters, front to back, and side
to side, leaving only a little gap near the door for his workspace. And
this number includes only those he buys for his own interest, not those
other dozens he buys merely to flip (tho' he ends up flipping many of the
former category, too). Since he's much less picky about what he likes, and
knows his stuff, he does manage to find excellent bikes and still come out
way ahead financially - a sort of self-supporting acquisition addiction.

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