Looks like something one should try to make from PVC joints instead of dropping a whopping $250 on it. My initial thought would be to 3d print the joints, but I'm not sure if they'd be strong enough.
Honestly $250 is pretty cheap for a quality bike, most road bikes cost hundreds if not thousands of dollars. I like the idea of trying to make super affordable bikes, but have you looked at how much just the wheels / gears / breaks would cost individually?
As for building a bike out of PVC, I couldn't find many examples, but I did find these:
Side by side tandem bike made out of PVC:
Super bulky PVC bike with a basket:
Have you ever used PVC for holding weight over a long period of time? It will inevitably bend unless you use super thick tubes.