Originally Posted by
Mtracer
Something to consider is using the bike you already have and putting in a stem with a large positive angle that will raise the bars. Perhaps a bit shorter also to bring them back.
If your fork's steerer tube has been cut down, then of course getting a replacement fork and stacking on some spacers might be an option as well.
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I would also consider modifying the fit of the current bike
the current setup is so bad I would first attempt to get it into the ballpark (so-to-speak) and get a few rides in before any new bike fit or purchase