Mad Mike
Well-known member
You got that right. I'm investing, not laundering.Time for a little reality check:
waterloo? Expect a bidding war, selling price is likely 700k+
but you know that, thats why you buy in timmins.
You got that right. I'm investing, not laundering.Time for a little reality check:
waterloo? Expect a bidding war, selling price is likely 700k+
but you know that, thats why you buy in timmins.
I've ridden on dirt, ice, the strip and the street. I don't really think it is.Have you tried getting big air on a sport bike? It's close!
Just goes to show that no matter how much lipstick you put on a pig......Ahem - to get back on topic...
Custom Brands Reveal Modified Honda Navi MiniMOTOs
There are already custom projects for the Honda Navi miniMOTO thanks to the brand’s aftermarket partners, MNNTHBX and Steady Garage.www.rideapart.com
You're spot on. Over three houses I probably paid 3-4x my wage for each.I had a whole long response typed out before and then erased it, but this in particular merits a response.
Young people aren't investing because they're spending 50% of their income on rent and whatever they have left over needs to be saved for a downpayment before the already unaffordable housing market becomes even more unaffordable. If you think all millenials are spending their money on $2k iPhones and $10k vacations then you're just out of touch. Maybe you're the one spending too much time on Instagram?
I think the older members of this forum should reflect on how much they were making when they bought their first house, and how much the house cost. Because right now the median household income in K-W is $95k before tax and the average price of a detached house sold in October 2021 was $997k.
I highly doubt you were buying houses that cost 10x your household income back in the day.
sounds like your in the same boat as millennials then. (priced out)You got that right. I'm investing, not laundering.
I think that's where you're wrong. You assume riding has to be expensive. My Used KLR cost $2200. I figure the combined cost of ALL 15 motorcycles I've had on the road in the 40 plus years I've been riding cost me under 40K.It may not be $2K iPhones, but based on this:
There still seems to be enough wiggle room to afford both a pleasure vehicle that can't be ridden for 6-8 months out of the year, plus the mandatory year-long insurance that goes along with it.
If you've got enough to pay for $20K motorcycle plus the annual insurance that goes along with it *and* you're shopping around for a second motorcycle + insurance to add to that original one, then that money could easily go towards investments rather than be tied up in a depreciating asset.
Instruct me where my logic has gone wrong.
I think that's where you're wrong. You assume riding has to be expensive. My Used KLR cost $2200. I figure the combined cost of ALL 15 motorcycles I've had on the road in the 40 plus years I've been riding cost me under 40K.
And there's the rub...that won't last and when the **** hits the fan as it did before in 89 going to be many far underwater and choosing between paying for shelter or food. Until average incomes align with average shelter costs it will continue to be huge source of exploitation and the resulting social ills.It was similar to this. Check out this listing which would require $50k down, and 2200/mo. On your $97k income, and 1.5% mortgage rates, funding this house would be a cakewalk compared to 1986.
$20k motorcycle knows exactly who I am talking about.
lol is this directed at me?If you've got enough to pay for $20K motorcycle plus the annual insurance that goes along with it *and* you're shopping around for a second motorcycle + insurance to add to that original one, then that money could easily go towards investments rather than be tied up in a depreciating asset.
lol is this directed at me?
When the two spokespeople for the "we're struggling so much" generation list brand new bikes in their sigs, then it does stand out.
But anyway, that got too personal. I don't know what your circumstances are, and that wasn't a fair comment. So I apologize.
Its interesting that the guy who financed his entire lifestyle and investment portfolio from his real estate winnings is out here lecturing others that there's more to investing than just real estate.
And now that I have insulted you and called you out on your hypocrisy, tone deafness and out touchness, I too would like to apologize, that got too personal.
I like you bigpoppa. Kick it back a notch will ya.Its interesting that the guy who financed his entire lifestyle and investment portfolio from his real estate winnings is out here lecturing others that there's more to investing than just real estate.
The same guy also galavants around the world, while lecturing an entire generation that the reason the socioeconomic ladder has been pulled up ahead of them is because they buy an I phone every 2 years.
And now that I have insulted you and called you out on your hypocrisy, tone deafness and out touchness, I too would like to apologize, that got too personal.
I'm not sure if you're being serious so I will answer as if you are - this is unlikely, partly because most motorcycle racing games are badAny chance we can blame video games? If you grew up playing video games in the basement why bother with a messy "real life" motorcycle when you could just play a MC game? I've got VR why do I need reality?
No I don't game. And I don't think playing them qualifies as a sport. Esports what a joke.