No no no unless you are only planning on riding around the neighborhood and never plan to leave the ground.
A Bmx bike should go for AT LEAST 275$ for obvious reasons that is not necesary for me to say due to the fact that anything less will cost you twice if not 3 times as much later on.
If your on a low budget get this http://www.danscomp.com/101566.php?cat=BIKES it will definately work but if you can put in the extra 50 or so dollars go for this http://www.danscomp.com/101667.php?cat=BIKES
and as far as that other site that the other guy mentioned this one is better http://we-bmx.fairtopic.com/forum.htm it has tons of nice people who love to help out.