I think that’s overly optimistic pricing, but I guess it depends on what you have at hand and what parts you want new. I wasn’t shooting for a lowest common denominator build, but nothing fancy either. Wheel, tire, tube, brake, cables, qr + converting threaded to 1” threadless = new stem, spacers etc. the big wald is about 50$ unless you find a great deal somewhere. It adds up fast.
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