bigpoppa
Well-known member
Im not the one living in glass houses.
When your down there in portgual say hello to greece for me
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Motorcycle industry is in deep trouble and needs help fast
- Thread starter Lightcycle
- Start date
Im not the one living in glass houses.
When your down there in portgual say hello to greece for me
Being a FOF (Forum old fart) I can top that.
We were renting in Parkdale in the early '60's and the landlord decided to sell the house. He gave us first dibs at $14,000 but we couldn't afford it and moved on. Today the house is worth 1.4 million. Multiply 14,000 by 100 and you get the new price.
Back then $100 a week was a survivable wage. Using the 100 X factor that would be $10,000 today.
A small order of halibut and chips @ $0.45 isn't $45.00 today.
Ice cream cones, six cents for a single and ten for a 2 scoop X 100 = $6.00 / $10.00, not too far off the mark if it's boutique.
Loaf of bread or quart of milk @ $0.25 isn't $25.00 today
Nicely equipped for the day new Chevy @ $4,000.00 would be in RR territory today.
Someone in Winnipeg once asked me how people can afford to buy a house in TO. I replied "You sell your youth."
Immigrants from third world countries do it because they don't focus on ego. Multiple families in one house. Everyone works and everyone's money goes to to paying off the house. No frills, no cars, starch diet. If someone isn't making money they study to get a job that pays better.
You laugh at them on your way to work. They laugh at you on their way to the bank.
It can be done but it is rough if you want to be a fad sheep.
J_F
Guest
AllistonGT
Well-known member
Thank you sir.
I’m not going to brag about anything I have. I will say if it all turns to **** I’ll be fine as I owe nothing to anyone. Someone stated the stuff you own will own you. I own my stuff. Also bubbles bursting only hurts those who have to sell. Downturns are temporary. Nothing touches real-estate over the long run.
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True, but the reality is the debt ratio around here is rather alarming.
I think we need a millenials vs boomers thread that posts can be merged into
AllistonGT
Well-known member
I do understand. I get the mortgage debt. It’s the rest that’s crazy. First time I saw the world was crazy is when I was walking through Home Depot 20 years ago and saw that you could buy a drill in the tool isle for a certain amount per month. ITS A DRILL! You don’t borrow for a tool, TV, stereo , trip, etc.
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Guaranteed by whom?
A government that has this well resourced country billions of dollars in debt?
Guaranteed by shares in Nortel, Kodak, Polaroid, Blockbuster Video?
Guaranteed by glass jawed cartels like diamonds? One crack and they burst open spilling their guts into the sewers?
What if Canada rifts with Portugal and you have to choose one country or the other? CPP and OAS are cancelled. Need medical care? Sorry pay full shot.
Can't happen you say?
CPP invests the money in the markets. When there is an overall tank someone gets cut loose.
Money in the bank guaranteed under CDIC?
The last C is for CORPORATION thus separating it from the responsibility of the Canadian government. A major bank disaster could wipe it out as it would likely coincide with a stock market crash.
All of this crap in the background and we wonder why everyone isn't hot on buying a bike.
Travel the world intelligently but with an education and trying to learn more. Doors will open when you need them. If you travel lean you can squeeze through a partially open door.
I had a cousin that traveled a lot. He knew about bars in every country but it didn't do him any good.
If you can, buy a house and rent it out while you travel. You've got a place to come home to.
BTW Japanese real estate is expensive but what happened to values around Fukushima?
NOTHING is guaranteed but death and taxes.
Yes a decent education is useful tho not mandatory ...a trade is often more portable - the key is to live lean and travel while you are young, there are so many travel programs for under 30s around Canada and between Canada and other countries notably Australia....the exchange of young people between the countries is hilarious.
Our housemate from Australia is working in Vancouver, my best friends two daughters are working in Brisbane and Syndney respectively.
Volunteer for programs in Canada or internationally ....go build a school somewhere ( mine was in Bequia St Vincent and I still have wonderful memories.)
Learning to share quarters, get along, coping with different environments, customs and being resourceful are vital
....or of course you can work 3 jobs in the GTA for a 600 sq foot condo...
Our housemate from Australia is working in Vancouver, my best friends two daughters are working in Brisbane and Syndney respectively.
Volunteer for programs in Canada or internationally ....go build a school somewhere ( mine was in Bequia St Vincent and I still have wonderful memories.)
Learning to share quarters, get along, coping with different environments, customs and being resourceful are vital
....or of course you can work 3 jobs in the GTA for a 600 sq foot condo...
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AllistonGT
Well-known member
Last I checked I didn't live in Alberta. Also don't just take short time periods to make a point. Alberta and the east coast are one trick ponies. We just came through the worst financial disaster since the depression (USA more then us) and the sun still comes up.
I think it's important to note that we came through it better because we aren't completely stupid about managing our banks. You say 'just' but factually it's been just shy of 10 years and some U.S markets (especially housing in certain areas) are still crippled.
I remember my uncle in early 2000s dropping a pile of money on oil barrels. His thinking was, how can the price of oil ever go down. Guess what? Thankfully he sold shortly before the storm.
blackcamaro
Well-known member
I'm really not sure how the housing market in the GTA has any real effect on the motorcycle industry. Heck we're such a small market here I doubt there's many meetings to discuss the issue of insurance in Ontario at the OEM's either.
Biggest problem the industry has getting my money right now is there really isn't anything new and exciting out there.
Biggest problem the industry has getting my money right now is there really isn't anything new and exciting out there.
AllistonGT
Well-known member
You are correct. These are strange times indeed. The U.S. has so many issues that we could start a new thread that would go on for weeks!
The way I see it is if a person is happy with the decisions he has made then he wins. I happy with my decisions.
That's not what the quote refers to.
There are ongoing costs related to owning stuff. Maintenance, security, fees, taxes, etc.
For example, you may own your motorcycle outright. But insurance, vehicle licensing, maintenance, cleaning, storage, are all costs that are incurred vs not owning a motorcycle in the first place. You will have to work to keep on owning your stuff. Ergo, your stuff owns you.
The quote about "you owning stuff vs stuff owning you" is attributed to the minimalism movement advocating paring down possessions to just what you need, and avoiding the excess that eventually chews up not just your money and time, but mental real estate.
Disclaimer: I'm not a rabid minimalist. I may not own a lot of stuff but I do like stuff. Especially motorcycles...
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AllistonGT
Well-known member
see this is the whacked mind set ....you don't expect your car or bike to go up in value but your shelter is supposed to ???!!....how seriously stupid is that. Herd mentality or what
This is the push back starting
https://www.theguardian.com/uk-news...chs-empty-london-property-as-homeless-shelter
and riots in Sweden
https://www.theguardian.com/commentisfree/2013/jun/16/sweden-housing-programme-privatisation
and it's stupid in the GTA as well with empty nesters squatting on their homes as there is no reasonable cost place for them to downsize too...
whole shelter thing is ****ed in Canada
In Berlin action is being taken
https://www.citylab.com/equity/2015...-world-how-to-keep-housing-affordable/415662/
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AllistonGT
Well-known member
see this is the whacked mind set ....you don't expect your car or bike to go up in value but your shelter is supposed to ???!!....how seriously stupid is that. Herd mentality or what
If we could build land on a assembly line it wouldn't go up in value. We can't.
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