Motorcycle industry is in deep trouble and needs help fast

[MacDoc]

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Nothing big and overpriced. I just need a garage, for obvious reasons and for work.

Rent in my area is far more than I pay for my mortgage.

EVERYTHING is overpriced and the vast majority don't get bank rates for mortgages. Even the top 5% income earners in Canada do not qualify for a mortgage for a house and garage in Toronto and don't even for Mississauga in terms of detached.

It's a bubble and there will be pain when it busts just like last time

OECD warns Canada at risk of 'disorderly' housing correction - Article ...
https://www.bnn.ca/oecd-warns-canada-at-risk-of-disorderly-housing-correction-1.61...
Nov 28, 2016 - A real estate sold sign hangs in front of a west-end Toronto property Friday, Nov. 4, 2016. , THE CANADIAN PRESS/Graeme Roy. Canada is at risk of a “disorderly ” correction in the housing market that could threaten the country's financial stability, the OECD warned on Monday in its latest global economic ...


Housing risks 'could even threaten financial stability' in Canada: OECD
business.financialpost.com › News › Economy
Sep 20, 2017 - Rising housing prices and swelling household debt levels in Canada runs the risk of leading to a market correction that would reverberate throughout the economy, the report warned. “A sufficiently large shock could even threaten financial stability,” it said. The OECD report expects rising interest rates to ...


Canadian households lead the world in terms of debt: OECD - CBC.ca
www.cbc.ca/news/business/oecd-debt-1.4415860
Nov 23, 2017 - Toronto and Vancouver among global cities at greatest risk of housing bubble: UBS · CMHC waves red flag of warning about 5 cities, plus Canada's overall housing market. Household debt levels in Canada are higher than those in any country included in a new OECD report, and the organization says it's ..

AirBnB has made renting a minefield and the entire structure is allowing predation on shelter which is odious.
We don't allow speculation on roads, parks, schools, hospitals, water but shelter is fair game for predation and speculation.
The entire financial structure sucks and is getting worse while income barely budges.....

The French got fed up and chopped the heads off in the 18th century after systemic abuse by the rich ...I'd say the UK is even worse off but seems motorcycle insurance is not an issue there from what I've read.



2 billion in false insurance claims in Ontario expected in 2018 and riders take a big hit .... as does everyone.

 

[Blackfin]

Somehow it just don't seem right to criticize millennials for wasting too much time on electronic devices and entertainment,
and then post a you tube video about it

There's no comparison. Spending some time watching a YT vid or posting in an internet forum is not the same as spending all of one's time with one's face buried in a screen, to the point of bumping into people on the sidewalk or in a mall, walking into traffic and/or rarely seeing the light of day because you never leave the house because the addiction is that bad.

I only watched part of it...

Then there's that millennial short attention span...

 

[MacDoc]

They said the same crap about video games and TV ......millenials are networking and interacting online and "enduring" being out in the street or transit which if you live in a megacity is certainly unpleasant most of the time.

Many like me are online 18 hours a day when not riding ( and even when I am I'm connected ) because my income depends on it ( as does my daughters ) ....part is recreational ..part is work.

Millenials often have friends all over the world ....this isn't 1950 and Rock n Roll didn't ruin the world. and they are making fortunes in ways that were never available before.

6-year-old made $11 million in one year reviewing toys on You Tube ...
https://www.washingtonpost.com/.../6-year-old-made-11-million-in-one-year-reviewing-...
Dec 11, 2017 -
Ryan, the 6-year-old host of the YouTube channel Ryan ToysReview, has been named one of the world's highest paid YouTube stars of 2017 by Forbes. (Amber ... Ryan has become a multi-millionaire, according to Forbes magazine's just-out list of highest paid YouTube entrepreneurs. He was ranked ...

Head down in a screen will fade as truly interactive AR with voice comes into play.

[video=youtube;hl21nXCDIKE]https://www.youtube.com/watch?v=hl21nXCDIKE[/video]
coming soon to a helmet near you

all driven by the smartphone you never have to touch.
Alexa show me traffic.

This is where millenials live....

 

[Trials]

... face buried in a screen, to the point of bumping into people on the sidewalk or in a mall, walking into traffic ...

now Those are you tube videos worth watching! I love the one in the shopping mall where the lady falls into the water fountain :lmao:

 

[MacDoc]

Yep ...a problem with a solution in the works...voice and heads up on the way and in some cases here now.

 

[Trials]

Better question would be Alexa, show me where there is No traffic and how many cars do I have to ride over to get there?

 

[Megamaniac]

The price to performance comparison is far better on 2 wheels, already have a daily car , far cheaper to get a fast bike than a faster car.

How is that fast bike working for you TODAY? Have 2 daily drivers a new subie and a taco besides the BEAST and the bike... Of course comparing ponies for dollars a bike always wins but thats only a factor if funds are limited and you want the best bang for your buck. In my case its much more believable to my acct and the tax man to write off a car than a bike and I would rather the fast expensive car in my garage instead of my money going to the governments tax chest

 

[nobbie48]

Same reason they lease BMWs they cant afford(Im not sure why, id just rather spend that kind of money on track days if i had it)

Or they buy three year old lease return at half price. With a good detailing it'll look like new and impress the impressionable. However when the switch on the dash breaks it costs $2,000.00 to fix whether the car was bought new 3 years ago or off a used car lot 3 weeks ago.

 

[Trials]

Invest in contact lenses, millennials are going to need a lot of them.

 

[nobbie48]

My nephew turns 16 in February. I got him a book about safe driving techniques and habits for Christmas. On talking to his dad (my brother), turns out "Brent" isn't really interested in driving. I'm ~51 now; I recall when I was 16 I was dying for a license. Times change. My brother says he likes "video games" now. :shrug: What are ya gonna do?

When I was growing up minibikes, dirt bikes, trail riding and motocross were huge. There were four of five of us on the street that had bikes and we'd go out to the fields (that were then) across from the Burlington Bowl or to the "Clay Pits" at King Road and the North Service road in north Burlington and ride until we ran out of gas, then push the bikes home. We'd clean them, wrench on them, rebuild them, service them etc on milk crates pilfered from behind the local Becker's convenience store. We'd get all the magazines (Motocross Action, Dirt Bike etc) and be reading these things in class instead of paying attention. Some of us went on to race more seriously, others just stayed on the trails.



Glad I grew up when I did.

As I progressed through the years (My wife says I never grew up) priority #1 was a car and #2 was a table saw.

How may teenagers want a table saw compared to a game station?

 

[Megamaniac]

EVERYTHING is overpriced and the vast majority don't get bank rates for mortgages. Even the top 5% income earners in Canada do not qualify for a mortgage for a house and garage in Toronto and don't even for Mississauga in terms of detached.

It's a bubble and there will be pain when it busts

Bubble shmubble.... reminds me of my first house in toronto late 80s paid 200k I struggled was young couldnt hang on sold for a 50k loss at the peak of the recession...Now that same house is worth 1.2 million now even though the bubble burst then and might burst again as you say. House prices may correct but a crash... not likely... everybody needs to live somewhere and last thing I wanna worry about when I am retired is making a rent payment to A LANDLORD.

 

[nobbie48]

Lucky you. In early 1990 it was 14% !!!!

In the early '80's it peaked at around 22%. We had just purchased a house with the owner taking back a 3 year mortgage at 13%. In 3 years it settled down and we renewed at 12.5%. We had a few bucks left after closing costs were done and my wife was doing term deposits getting 16-18%.

People were borrowing cash on their credit cards and putting it into TDs because the max CC rate was legislated at 13%. The situation resulted in wide open rate increases on CC rates.

Now that I have $11.35 in the bank I get less than a dime interest and the government taxes that.

 

[bigpoppa]

Bubble shmubble.... reminds me of my first house in toronto late 80s paid 200k I struggled was young couldnt hang on sold for a 50k loss at the peak of the recession...Now that same house is worth 1.2 million now even though the bubble burst then and might burst again as you say. House prices may correct but a crash... not likely... everybody needs to live somewhere and last thing I wanna worry about when I am retired is making a rent payment to A LANDLORD.

If the bubble bursts, you will likely have no pension, better find another source of income for retirement there pal

 

[Hack]

To borrow a phrase used often on another forum i visit...

"Go be poor somewhere else"

 

[nobbie48]

but chicks dig bikes

and you cant lean a car

The good old days.

Bench seat and no seat belts. Armorall the seat, put your right arm on the backrest, a hard right turn and she's an instant hug. A buddy got a ticket for crowding the driver's seat. Damn!

 

[Megamaniac]

Lol what do you know bout my life. My house is not my pension its gonna be a gift for my 2 sons in about 5 years when I flock off back to the acores to retire and collect my juicy monthly pension.

 

[bigpoppa]

Lol what do you know bout my life. My house is not my pension its gonna be a gift for my 2 sons in about 5 years when I flock off back to the acores to retire and collect my juicy monthly pension.

The way pensions usually work is you contribute to a fund....the funny thing about a large pool of money is...if its sitting there its not making money, and is therefore often times invested


Better hope its insulated in 2017, everything is connected
One little 'Pop' and your juicy monthly pension is gone

Welcome to 'retirement'

 

[Megamaniac]

Lol you are really grasping at straws now. MY pension is guarenteed besides the house in portugal that is waiting for me back home.

 

[MacDoc]

Now that same house is worth 1.2 million

No it's not but can't convince you....it might sell for 1.2 million...it's "worth" is what a fair rent is over time ( cash flow valuation ) ....= 1/3 of the median family income .. let's be generous and make it 90k median income ...( it's not ) so $30k a year rent - maybe realistic 2000 a month which means the property should be worth about $200k
http://affordanything.com/2012/01/25/income-property/

That cash flow is what any property that changes hands should be based on not some casino number.

everybody needs to live somewhere and last thing I wanna worry about when I am retired is making a rent payment to A LANDLORD.

There are other places to live than bubble city .....you go argue with the OECD about this bubble.
Who the hell would want to "retire" in the GTA

 

[Evoex]

Lol you are really grasping at straws now. MY pension is guarenteed besides the house in portugal that is waiting for me back home.

Relax chief, no one is impressed by you flaunting your assets.

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