That's a relief, I paid $75 for the bike and shelling out more (way more) than $150 getting it all fixed up. New wheels, one innertube, cables, had the wrong kind of brake pads on front, those are getting switched out, hub was a little loose, that's getting fixed, it's not shifting into all gears, so derailleur is getting worked on.

I'm actually worried about how much $ LBS is gonna nail me for. Yipes. I would like to get all bearings cleaned and repacked as per suggestion from this board but I dunno how much that's gonna set me back.