I did a little hunting in area thrift and pawn shops today and am suffering sticker shock.
Here are a couple examples:
1970s Schwinn Varsity, significant surface rust on all chrome parts, cables shot, tire shot, handlebar on backwards and wrapped with cloth athletic tape, cheap aftermarket seat, paint and decals in poor to fair condition. Price $59.99 at a thrift store.
Early 2000s aluminum Trek 820 in well used but servicable condition. Mismatched rims, neither of them anything special. Shimano front derailer, Sram rear derailer with Sram MRX Twist Shifters. Lots of scratches and a couple of minor dings but no serious structural damage. $200 at a pawn shop. They had a similar age and condition base model Specialized MTB (didn't catch the model or details) $350 at the same shop.
Even at garage sales I'm seeing well used WalMart type bikes going for $50 to $75.
I sold off my only flip bike just a few weeks ago for what I thought was a fair price, but I'm starting to wish I had asked more. Is the demand for used bikes way up or what?