Along this topic, I have a variation of this particular "Schwinn question". Why do some people consider some brand bikes to be junk based on name alone? I don't ask this regarding modern brands or even what old brands like Schwinn have become, so lets keep the thought process in the context of the early middle weight era and earlier.
My personal observation after owning hundreds of "vintage", "classic", "antique" or whatever term you may choose to describe them is that they were all pretty well made by today's standards. In fact, other than a few broken Monark frames that seem to be weak at the kickstand mount area by design, I have never owned a vintage bicycle that I considered to be significantly superior or inferior to another. Sure some chrome and paint is better than others, but I have heard people argue about their 60 year old Schwinn being "better" than someone else's 60 year old Murray built Western Flyer and I'm standing there thinking they are both pretty impressive by today's standard......
Is it because names like Huffy and Murray made junk in their later years and name recognition gets transposed to the early stuff? If so, couldn't the same be true for Schwinn?