+1000.........Taking an old "basket case" bike, that you feel like is worth working on, and getting it on the road or trail again is very, very satisfying, moreso than I feel from riding a brand new bike out of a bike shop. Doing something funky with an old bike and making it road or trailworthy can sometimes be even more satisfying. That's my attitude about it, and that's not to say I don't lust after a new bike occasionally (and buy one). But if you're really into bicycling, the "cost" is often trivial when you think about the amount of satisfaction you get from your bikes.