OMG, you want a Can-am trike, those go for so much money used it's unbelievable.
Hard fathom how much they sold for when brand new
Hard fathom how much they sold for when brand new
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Where Is The Used Motorcycle Market? I Can't Find It
- Thread starter Pegassus
- Start date
ScorpionT16
Well-known member
To put in perspective..picture in your mind dozens of major industries needing a bailout..all at once..Auto, Transportation (rail etc) Retail, Airlines, Hospitality and Tourism, Oil, Agriculture, etc etc..everything is rosy for the middle class right now (for the short term only) as many of us still have paychecks and the Feds have printed up and handed out over $300 Billion in Cdn monopoly $ in 8 weeks. They could not even begin to give an accurate account of the total amount of spending since March because they would be afraid to publicly announce it. Our federal debt in March 2019 was $789 Billion...By March 2021 it will be close to 1.5 Trillion...like everything else, unprecedented.
The point simply is that all of the short term support that the US and Cdn Feds have been implementing since March is just buying time.
"Of the 125 restaurant or retail companies tracked by S&P Global Ratings, about 30% now have a credit rating that indicates they have at least a 1-in-2 chance of defaulting on their debts, which is often a precursor of bankruptcy or liquidation. "
"Ford issues $8 billion debt securities after virus causes $2 billion loss. ... Ford on Friday said it had to put up additional guarantees for earlier loans - not the notes sold Friday - because it has not maintained an investment-grade status. It has suspended its dividend for the quarter. "
'It's all a mess': Pandemic driving businesses to bankruptcy brink, and complicating restructuring efforts
'You can’t have a going out of business sale when you can’t get your business open'business.financialpost.com
'The flood is coming': Coronavirus could spur unprecedented wave of business bankruptcies
Business bankruptcy filings year-to-date are trending slightly higher compared with the same period last year, though industry experts warn the seemingly moderate escalation obscures the reality of a spike in fillings to come.ca.finance.yahoo.com
Layoffs and corporate bankruptcies spread as US workers face mounting hardship
Job cuts are sweeping the US as major manufacturers join retailers in announcing long-term layoffs.www.wsws.org
The body follows the mind, if you see things going south, they will. There will also be a host of new opportunities and possibilities for businesses coming out of this, from people going more local, appreciating their backyard vs going elsewhere, more work from homes equaling less congestion etc... The quicker people learn life doesn't revolve around money, and more about your dreams and goals, being a journey with ups and downs, they will see the silver lining in this.
Going a bit off topic from the OP, to relate this, lots of buyers may score some good deals, and lots of motorcyclists may have more time in the summer to ride waiting the wave.
boyoboy
Well-known member
the kids are being prep'd in quebec ...for school.
doesn't make sense to me
seems inappropriate to send kids to school; given the current stats
just saying
I don't think it is, actually. I know it's easy to think it is, and I'll admit that I'm guilty of that myself a lot of the time, but I'd disagree that it's the majority of our population.
Do we all know someone who's living at the bleeding edge of their financial capability, or is living in a deck of cards? Yep. But when I think about all the people I know those sorts are absolutely positively in the minority.
Iceman
Well-known member
Not true at all. Quite a few locations open.
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Trials
Well-known member
Millions to be made in backyard cremation kits ?
Not sure about the models but my buddy just paid 33k all in for one...bought it last year and they gave him 6 months no payments so he hasn't started paying the thing yet. But he's going this week to drop the cash down as he doesn't want to finance it. His house just sold (about 90k less than what he thought he would get pre-COVID-19) but still just over 900k for a bungalow in Etobicoke. But it took a while. Close to 4-6 weeks on the market with no offers until the last week with 2 offers. Both low balls but one jumped up to over asking.
Cash flow has a lot to do with how we recover. Boomers make up 30% of the population and don't need jobs. Their money is mostly tucked away in no risk gic's. And they are going to inherit a trillion from their parents who are leaving now. As long as the government can keep the cpp and oas coming.
SARSTOCK was great. We sat 50ft from the stage...thank goodness I didn't have the poops that day. And dehydration really helped not having to go to the bathroom all day.you young kids have it so good, I lived through SARS, 2008 and 9/11
The sky isnt falling, we'll all still be alright (at least those that dont have covid)
Are there plans for COVSTOCK?
johnsazzr
Well-known member
I worked in Banking for 25 years..Trust Me...it's the majority..including families with 2 good paying jobs
Thank the stupid housing casino for that ...and greedy REITs
www.thestar.com
The Big Debate: Can landlords afford to forgive rent during the pandemic?
Rents are coming due again on Friday. Professor Martine August argues many landlords are financially viable enough to forgive rents during the pandemic, while Tony Irwin, of the Federation of Rental-housing Providers of Ontario, says the only way rents can be eased for many landlords is with...
www.thestar.com
Dizzer
Well-known member
I haven't been watching the street bike market much - however, I have been all over the dirtbike and entry level dirt bike market for year prior and now just recently. I cannot believe the prices that are being paid for used stuff at the moment. I just sold a clean dirtbike of mine for over $1500 more than what I paid for 2 years ago and it was online for about 3 hours, 20 messages later and a bidding war sight unseen.. Never happened to me in the 15 years buying and selling bikes.
I also cannot find a reasonably priced entry level dirtbike for my girlfriend as the good stuff is gone within hours/minutes of being posted and people are paying close to msrp for used machines... I don't get it!
I also cannot find a reasonably priced entry level dirtbike for my girlfriend as the good stuff is gone within hours/minutes of being posted and people are paying close to msrp for used machines... I don't get it!
I think some people are getting their $2000 government cheques in the mail and are in a rush to spend them as they see them as "bonus cash" without really thinking much past the "a bunch of free money just appeared in my bank account!".
My daughter is guilty of this....she got issued an ROE from her employer as there was no chance for recall this summer. She applied for EI accordingly and immediately got swapped to CERB...and inside 24 hours had $2K in her bank account. She went on a little spending spree with probably half of it before I reminded her that's perhaps unwise.
My daughter is guilty of this....she got issued an ROE from her employer as there was no chance for recall this summer. She applied for EI accordingly and immediately got swapped to CERB...and inside 24 hours had $2K in her bank account. She went on a little spending spree with probably half of it before I reminded her that's perhaps unwise.
Trials
Well-known member
Street legal or dirt only, makes huge difference
The street ones it's because they are awesome fun at legal speeds.
Mad Mike
Well-known member
I'm not that pessimistic. There will be some industries that will feel a lot of hurt and some that will bounce back quickly. Lots of weak and poorly managed businesses will fail, others will pick them up cheap and have their go at the dream.
The good news is financial markets were fundamentally sound when the crisis hit. Banks will be upping provisions for loan defaults but this doesn't look catastrophic at the moment.
Employment should bounce back quickly for skilled workers, maybe not so quickly for unskilled workers in food and hospitality.
The bike prices on Kijiji are craziness right now. Anything I'm looking at is $2000-4000 overpriced, and stock is low. I haven't seen much inventory moving either, basically any of the bikes up now have been up since February, usually for the same price.
I swear people just put their bikes up to tell their wives that "It's for sale" and "I'm trying to sell it" but "people just aren't buying".
I'm in the market for a 2015-2019 1000cc or maybe an MT09/Iron 883 if I'm feeling crazy, but there is nothing worth buying anywhere.
I swear people just put their bikes up to tell their wives that "It's for sale" and "I'm trying to sell it" but "people just aren't buying".
I'm in the market for a 2015-2019 1000cc or maybe an MT09/Iron 883 if I'm feeling crazy, but there is nothing worth buying anywhere.
Yeah, and isn't it wonderful that some sellers want us to pay near-new prices for their junk because it "holds sentimental" value to them? If there are any sellers reading this thread, get this through your heads, nobody cares if that old bike of yours was the one you met your wife with or the one your father bought you before he died, I don't care what emotional strings you attach to it, I'm going to pay you used market rates and I will apply depreciation to the fullest extent.
Well BIG changes are coming. Heard on the radio today that 1 out of 4 restaurants that are currently closed have shut their doors forvever, 1 more month of quarentine and 40% will close their doors forevber and say goodbye to discount airliners, they have filed for bankruptcy, only the bigger dogs will survive such as American Airlines and Lufthansa. You will not find an airline ticket to Cuba for $600 for at least 2 years after all this is over. Try double of that.
There are dozens of huge cargo ships off the California coast full of new cars and oil that are not moving, they have been there for the last 3 weeks. I assume the same goes for motorcycles. Yet the Kijiji seller wants $5,000 for his 2002 R6 LOL
Same with my company, we are as busy as ever, and as of me I have never had a fatter bank account than I do right now. Reason? I'm working more hours now. I don't spend the $70 a week I used to spend on restaurants every weekend, I don't spend the $120 a week I used to spend on fuel, I don't spend the money for my kids' entertainment, I don't do BBQ's, I cannot buy electronics, I don't take road trips to the USA anymore, and didn't take my yearly vacation down south in the Spring to the tropics (just right there is a $4,000 savings).
This is the reason of this thread, I have thousands $$$ to spend on a new toy. I called an airliner to reserve tickets for 4 people for December and a recorded message says they don't know when they will start booking or open up so my trip cannot be even booked, another $5,000 savings.
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