Noone said bikes aren't expensive. He said he's never seen a bike for $550. Go look at any of the competitive manufacturers' websites, and you'll see that $550 is the entry level price point.
If you haven't seen a bike for $550, you didn't look...at all. And that $150 Wal Mart bike is still 20X better than ANY 20 year old mountain bike.
He just wanted to brag about how much he spent on a bike.
97 TJ sport.