Rick G. said:

>it's a bike thing. It's cooler to have a bike that's worth more than the
>beater car you drive.

I'd have to back up what Rick says; throughout my 20's (I'm a late
'boomer) ALL my cars were significantly less value than my bikes,
and the sum total of all my bikes now probably still exceeds the
current value of the VW I drive now.  It's all in one's priorities.
I'm encouraged by folks whose bikes cost more than their cars.

Norman