I sure do, but not so much from choice. I only own two old steel touring bikes, one I got for half price at REI (twenty years ago), the other given to me by an aging friend. Total cost about $300. I guess that falls into the cheap category. Some folks I meet on bikes will spend more than that on pedals and shoes alone. (I sure won't be racing them, but that's okay.)

I've used nothing but those bikes for my almost daily cycling--touring, commuting, fun rides, local errands. If I were to lose one, it would be a nostalgic event more than anything.

I just don't see cycling as a sport that requires much money. In fact, I firmly believe that a low-expense cycling lifestyle led directly to my early retirement at age forty.

I now volunteer at three non-profits dedicated to keeping those old, cheap bikes on the road and in the hands of people who can use them. Some of those people are looking for touring bikes and I love helping them out. Some of them get out there for under $100.