It may be blasphemous to say, but bikes have improved over the decades. Just something simple: almost all new non-race bikes have rack mounts and bottle bosses. Try to find that feature on most 1970s bikes. And fattish tire clearance is easier to find on current bikes than on bikes from earlier generations. Also, I have to believe that most cyclists prefer indexed shifting (RBW people excepted). And don't get me started on brakes! And smart gearing! Every time I've tried to resurrect an old bike, even one in good shape, I've had to modernize some of the components to suit my preferences. That could run into many hundreds of dollars.
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