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It's absolutely a money thing. To your average third-worlder, dropping $2K on an entry-level racing bike is insane. Cheap practical bikes are more their speed.
In the US, it's still a money thing, because to a lower-income family, $2K on an entry-level racing bike is prohibitive, and nonwhites are more likely to have lower incomes.
But when it comes to bicycles as a means of transportation and hauling shit around, they fucking love them. If you go to Uganda or wherever, you'll see tons of bikes being ridden or used to haul insane loads of shit that we'd use a bigass truck for. They'll burn bike thieves to death in some parts of Africa.
