Watch the following video of bicycle rush hour in Amsterdam. The video speaks for itself in terms of what people are riding: http://www.youtube.com/watch?v=q8h_DalTjV0 Not all these bikes are junk, and I'm sure some could be in the 1,000 Euro range, but I'd qualify most of them as beater or ordinary bikes.

And here's a photo of some bikes parked in Amsterdam:

Wait a second, Machka, are you the one who spent a total of 1 1/2 days biking in Amsterdam? You would be the expert. Let's all listen to Machka.

I'm done getting sidetracked with this non-sense. Feel free to make more bogus claims in your never-ending quest to get the last word and prolong a forum, contributing nothing to helping the OP with his/her post.

BTW, everyone has a different budget. You're not the judge of whether $420/year or $2,100 over five years for bike storage is "quite inexpensive."