What's the price difference between purchasing an out dated bike and stripping everything to rebuild it to spec as opposed to purchasing a bike from the stores and eventually replacing everything anyway.
Unlike My car, a Honda Civic Hybrid (not classy but it always works and I'm doing the green thing) it seems many people like to change things as they can afford on their bicycles. Pedals, Chains, Seats, Lights, Fenders, etc etc. I gather that this is because the original parts wear out quickly or because they are inferior.
I Have all the time in the world, I live in South Florida and it's 80 degrees every day give or take 10 days a year.