That is mostly, but not entirely true. I do like Suburbans and may even get one some way or another. The good thing about Suburbans are that they are the same frame as the Varsity and the Continental. It has the better tubular fork of the Continental as well as a few alloy bits like the stem that it has in common with the Continental.

What is often good about Suburbans is that they are available in better condition and a lower price than Varsity and Continentals. The tubular fork rides far better than the Ashtabula fork and saves about a full pound.

One thing about the one you are looking at is that it has the Front Freewheeling System. Some people like it. Parts and service is difficult. For me, being a bike guy and having no issues about figuring out when to shift. The FFS is added complexity with no upside. I worked in a Schwinn dealership when these were being sold and I didn't get why Schwinn would even bother with this system. When I would show the bike to customers and told them you can shift when pedaling or coasting, many of them realized that this was easier to figure out how to shift. Many of these also had the Positron system as well making it even easier to shift. We sold them as verified by the number that we see in the used market.

If I were to get a Suburban with FFS, I would remove it and the associated freewheel pretty quickly. I would also change over to aluminum rims. The steel fenders don't bother me too much. I have fenders on most of my bikes. They are not as heavy as these steel fenders but they may not last as long as these Schwinn fenders. So, they would stay.