Originally Posted by
merlinextraligh
The law of diminishing returns starts at about $25, the price of a rideable bike on Craig's List. The issue is where the curve starts to get exponentially steep.
And given that "return" is measured subjectively, the curve is going to be different for everyone, in part based upon the elasticity of your own personal demand curve. (i.e. the sixe of your wallet).
That said $1000 gets you an awfully nice bike, and minimal improvements above that start getting pricey, IMHO.
Ding Ding Ding! We have a correct answer! If Merlin was in my class, he'd get an A.