Trainers
I love my rollers. You can get em from Performancebike for $89 on sale from time to time. I paid $99. Theyre soild, decent quilty, and offer good resistance. Work your technique, too.
Life is short. Play hard and get dirty doing it.
I second the vote to buy rollers. They will make you a much better rider.
I think rollers are great too, I picked up the same ones that TriGuy recommended below - awhile back. However, I like my rollers in addition to my trainer - which is a cycleops Fluid2 which is outside your price range, but they have some less expensive models that you could check out. I think the Mag is around $150.
RV
It takes a long time to get good. - Scott Molina
Slow is smooth; smooth is fast. - Rich Strauss
mag trainers from Minoura are great and afordable
thanks...all helpful...so, there is some learning curve with the rollers...falling over, for example? anything else to consider when looking at rollers vs trainers?
Yeah, theres def. a little learning curve, but it only takes a few rides (three, in my case) to get proficient at em. Usually rollers dont provide much resistance as compared to a trainer, and most videos and such use trainers. But the resistance on my rollers is fine for me. I dont use em for hammer sessions, I use em to smooth things out.
Life is short. Play hard and get dirty doing it.
Rollers do take a couple sessions to get used to. First time on it you feel like a kid again taking the training wheels off! Rollers do require more focus. And certainly make you a better handler.
Trainers are much better for the Spinervals sessions etc. The trainer can simulate increase and decreases in resistance.
Rollers are more steady state.
If I had to choose one over the other I'd go with the trainer first. But I have to ride indoors alot due to weather - long winter etc.
If you can swing both, that is best.
RV
It takes a long time to get good. - Scott Molina
Slow is smooth; smooth is fast. - Rich Strauss
Don't waste your money on the rollers. You can do much more varied workouts on a trainer - one leggeds, etc., without worrying about cracking your skull.
Look for a good fluid one. You can find a deal through froogle.com.
thanks...all helpful...so, there is some learning curve with the rollers...falling over, for example? anything else to consider when looking at rollers vs trainers?
I set my rollers up in my hallway to start. Never sustained any injuries when I rode off the side...
Setting the rollers in a doorway also works good for the first few rides. Now I just ride with the rollers next to a wall.
I don't agree with the statement that rollers are a waste of money. The only thing I can't do on my rollers is one-leg drills and riding while standing up. I can do everything else, including Spinervals. Many rollers come with or have optional resistance units.
With rollers they will teach you to have a smooth pedal stroke, which is something you can't get on a trainer. Also, because you have to balance and actually steer, you will learn how to ride in a perfectly straight line, which means less side-to-side motion which translates into less energy loss and more power to the pedals.
I also don't think that rollers are as hard on tires as a trainer. I noticed no more wear and tear on my tires after a winter riding indoors than I would see riding outside. My fluid trainer was hard on tires.
Learn,
Rollers are most decidedly NOT a waste of money. They teach you balance, proper positioning, and a smooooth pedal stroke. It doesnt matter how smooth you think your stroke is, untill you get on some rollers, you wont realize how off it is. My rollers dramatically increased my efficiency on the bike. This is coming from an older FS MTB which forces a nice smooth stroke in order to avoid bob.
And seeing as the OP is in San Diego, its not like he'll be riding these things for months at a time in the basement. Its likely to be a rainy day/ night time thing, i would imagine.
Life is short. Play hard and get dirty doing it.

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hi folks...i know this has been discussed in the past, but i coudn't find the archives so thought i would throw it out there again...
im looking to buy a trainer for my bike...something durable and as quiet as possible would be ideal...in the $150 range...please let me know what you suggest...
cheers,
dave