I had an old mountain bike, a GT Tequesta, but it kinda sucked for riding around town, which is pretty much all I do on a bike these days. Not to mention, it was from 1997 or so, where they hadn't yet come up with things like suspension
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While I was in there browsing around, I pawed over some of the newer mountain bikes, and an _entry level_ mountain bike (full susp, disc brakes) from a brand name manufacturer runs into the $1200 range. Most expensive bike I saw was about $5500. More than my damn Suzuki is worth.
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