Originally Posted by
bbattle
Yes, too high.
What sort of bike do you hope to have? Road bike, singlespeed/fixed gear?
+1 Too high.
Start with a target type of bike and size. Then figure out what a fair to great price would be. Then finally, pounce when one shows up on Craigs List/thrift store or garage sale.
I have done that several times. Others are pondering "is it a good deal" while I am picking up the bike.
Its really pretty straight forward, once you know your size and style you are looking for.
Just be open to a lot of good brands. My basic guidelines: alloy rims with quick release, cotterless three piece alloy crank set, down tube shifters, cromoly frame (name brand is best). Should be able to find something like that in your size for a reasonable price. I buy any of the good Japanese brands from the 1980s (Miyata, Univega, Panasonic, Lotus, Fuji, Bridgestone, etc), along with Trek (usually USA made). They have a good value for the price right now.