Regarding cheap bikes, for me I think a factor as to why we like them so much is that, for me at least, I am getting a bit fed up with being bombarded with the industry's seeming obsession with expensive bikes.
I get the impression that a bike has to cost £5k to be considered 'decent'; of course the reality is that most people don't really spend this sort of money on a bike, but with Youtube videos featuring these sort of bikes, the GCN show which constantly tries to prove that the next new thing is the bees knees, magazines such as Cycling Weekly testing bikes mostly at least £3k+, it sort of really skews what cycling is all about.
The general attempt is to try and make out that to enjoy cycling, you need a top quality aerodynamic frame, electronic gears, tubeless tyres, and disc brakes - everything I believe to be unnecessary for a bike to be.
Don't get me wrong, the industry has to advertise and make money, of course, but when I look at the bikes and the technology that has come into cycling today, I feel that the whole thing has become bordering on ridiculous.
Without trying to go into a huge discussion, as some of the topics do generate a lot of debate, we have disc brakes on road bikes, electronic gears, fat tyres, etc etc - none of which, in my view, does anything to make cycling better.
I am also staggered as to the weight of bikes today. Bikes costing upwards of £6k weigh close on 8kg; my bike, a 1998 Trek with 9 speed groupset, standard wheels (Mavic Open Pro) and all aluminum components weights 7.5kg.
My bike is fantastic to ride, has all the worthwhile innovations you would want on a road bike; a good quality carbon frame, STI gears, good quality tyres, etc. The key point here is that the basic design of the parts are good, and that not much has come along since to really move it forward in terms of an improvement to make cycling better.
To get that sort of weight in a bike today, if it had disc brakes, would cost probably £10k.
So this brings us back to cheap bikes; when you look at a typical top spec bike, it makes you sort of appreciate the basic simplicity of a bike more.