and a trainer for my bike, but the deciding factor was having others in our household be able to use it.

There are tons of classes that make it easy to change things up, get more specific in your training, or find things that fit your style. I started a four-week FTP power training course four weeks ago and today did my end of training test. I increased my FTP by 15 watts--I'm still new at this, so it seemed like a good accomplishment.

There are several challenges you can enter, there are classes that don't involve the bike (yoga, stretching, running, etc). It's an expensive entry, but I've enjoyed it.

You do need biking shoes, but you don't need the Peloton shoes. You can put regular pedals on it, but I don't think you'd get the same experience.

FYI, my brother bought a used one on FB marketplace, and it's just as good as a new one.