As I continue doing the research and test riding new bikes, I find myself wondering about the law of diminishing returns. As I look at (mostly road) bikes, I find a group of bikes selling from $650 - $1,000, and another set selling from $1,500 to $2,000, and of course there are those that are much, much higher, and there are a few in-between these artificial ranges.
What I am not knowledgeable enough to know is whether a bike costing $2,000 is roughly twice as good as a bike costing $1,000, for instance. Or, to put it another way, if I were to purchase a modest road bike or hybrid at a cost of less than $1,000 (new) would I regret it in six months or so.
I bought my $350 mtb seven or eight months ago, but back then I had no idea whether I'd stick with it. Now I know I will -- so is it a mistake to purchase the lower priced bike because in a few months I'd be kicking myself and wanting more, or not? Is a $2,000 bike twice as good as a $1,000 bike?