You work 3.84 minutes per day to pay for your bicycle, 2 hours for your car

citymaus:

James D. Schwartz of The Urban Country recently calculated that Americans work on average two hours out of every day to pay for their cars. Now he’s figured out that a bicycle costs only 3.84 minutes. And that’s being conservative, assuming you’ll drop $1,500 on a new commuter bike every five years, after which it will have zero value.

the urban country, 23.05.11.
via grist.org, 15.02.12. 

$1,500??!! I’m not willing to pay more than $200 for a complete working bike.
*student budget*