Froze - the merc sounded cool, but can see why you parted company - good for your buddy good for you.
CampyBob - literally laughed out loud at the "funny thing happened on the way to the forum..." comment! That was mint!
You two have some great thoughts on this & I appreciate your history with the sport/lifestyle providing you with your viewpoints.
Throughout the years I've owned/used so many bikes & gadgets for biking that I've come to the mindset that just because it's ________ (insert the material or name brand) does NOT mean its good or ****.
From my first Huffy "muscle bike" as a 5 year old (FREEDOM! I've got wheels!) to the crappy John Deere 10 speed steel hunk-a-junk my dad thought he was upgrading me to. To my first "real bike" an old Raliegh Technium 440 with aluminum main tubes (cause I thought I had to get away from steel, & aluminum was the latest & greatest)(which I still have this bike, for memory-sake & love to pull out for vintage rides). To all the different variations of frame materials and group sets I've used (one of my old racing Cannondales I've kept the old "Biopace" chainring on...cool when it first came out, but then man, did I get laughed at with that later...now look what Froome just won the TdF with - Biopace 2.0

)
Anyway, after all the years trying all the stuff including grossly overpriced ridiculously expensive new carbon machines, my absolutely favorite ride is still my 1995 Serotta CSI full Dura-ace. That all steel beauty shuts up the jeers from my younger riding pals, who think of it as ancient old-school relic. Yet, no matter how expensive their frames I can still keep up & then some. My bike is within pounds of theirs some lighter some slightly heavier. And the after they ride it, as I've occasionally swapped for a ride or two to "compare" their bike to mine. My friends have always come back with comments like "that's a 95?!?!", "wow. That thing is smooth!", "do they still make these?"
There are great bikes made from: steel, aluminum, carbon, & titanium. But there are also some Junkers that are selling off the fact their using a specific material, or have a certain brand name.
For the original poster, if it's still applicable... A Specialized Allez i used to have was a very good ride. It would be great starter bike (it is not a racer. More comfortable, absorbs vibrations better than a stiff racer which is more concerned about transfer of energy for power) I would bet you might find one for a little less if you're patient, but that's not a horrible price with those components if the bike is in great shape. IMHO