You mean like the good old steel Raleighs and Dawes that I own?
You just made me spill hot coffee all down my jeans laughing at that.....
I must have some Yorkshire tendencies as well, because I don't see any reason to splash out cash on new bikes either when my 20/30/40 year old bikes are still going strong.
Maybe it's getting even more common, but there have always been numerous well-intentioned "lose weight/get fitter" types who have gone out and bought new quality bikes - then hardly ever used them once they realised that riding can involve physical exertion. I have a '94 Raleigh Sabre MTB and a '88 Raleigh Gemini hybrid, both one previous owner and still in virtually as new time warp condition. The MTB was ridden down a canal path no more than a handful of times then put in a shed. The Gemini is Reynolds 531 and would have been expensive, yet didn't even get used enough to wear out the original Michelin World Tour tyres in 30 years!
So would I. It keeps the market flooded with hardly used secondhand bikes at bargain prices.
I could go out and buy any new bike I want, but 99% of what is being sold today just doesn't appeal to me at all, from the £100 suspension BSO right up to the £6k carbon roadies.
Fat frame tubes, garish decals all over the frame and wheels, and a foot of seatpost sticking out of a silly small sized frame doesn't do it for me I'm afraid. That's before you consider the rubbish engineering at both the BSO and super bike end of the market.