So much this. I have close friends in lease finance and mortgage brokering. There is a frightening number of people , 2 good jobs, nice house, 2 nice cars, cottage, and 2 paychecks away from unpleasant incoming phonecalls from creditors.
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Where Is The Used Motorcycle Market? I Can't Find It
- Thread starter Pegassus
- Start date
So much this. I have close friends in lease finance and mortgage brokering. There is a frightening number of people , 2 good jobs, nice house, 2 nice cars, cottage, and 2 paychecks away from unpleasant incoming phonecalls from creditors.
I always felt foolish for not taking cheap credit on anything we buy. Currently we are in a very fortunate situation that we have zero consumer debt, and the only thing we owe any money on is the house.
I usually pump in a lot of additional cash towards the mortgage, and some for investing...but right now I've slowed both down simply for cash flow purposes. Tomorrow could be the day I get the call stating I'm not needed for the next 6-12 months so 'thanks for your service and goodbye' is always a possibility.
I've always lived my life like I should be prepared to lose my job tomorrow. I know guys who's whole motto is 'savings? wtf for? making money is for spending not saving' and I could never get behind that mindset.
Having said that, super tempted to pick up a bike/toy car right now...but might wait a bit longer to see prices go down (hopefully). ****** time to buy a bike as warmer weather is coming, and I'd like to assume most of the bikes I'm looking at are lien free so less hassle.
I usually pump in a lot of additional cash towards the mortgage, and some for investing...but right now I've slowed both down simply for cash flow purposes. Tomorrow could be the day I get the call stating I'm not needed for the next 6-12 months so 'thanks for your service and goodbye' is always a possibility.
I've always lived my life like I should be prepared to lose my job tomorrow. I know guys who's whole motto is 'savings? wtf for? making money is for spending not saving' and I could never get behind that mindset.
Having said that, super tempted to pick up a bike/toy car right now...but might wait a bit longer to see prices go down (hopefully). ****** time to buy a bike as warmer weather is coming, and I'd like to assume most of the bikes I'm looking at are lien free so less hassle.
boyoboy
Well-known member
ahh, poor baby...lol
TL;DR. No PSA on who has cheap axel sick grease on sale.
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Xhumeka
Well-known member
And to the buyers - if you don't want to pay the price listed... MOVE ON. Stop trying to convince someone selling that their asking price isn't reasonable... if you don't think it is, buy new or find another listing!
Saving is critical if you want your last 15 years comfortable. A retirement home will burn up $600,000.CPP and OAS won't cover that.
Not many people would want to spend their final years in a province run facility. Four elderly men to a room in diapers. Yikes.
Not many people would want to spend their final years in a province run facility. Four elderly men to a room in diapers. Yikes.
bigpoppa
Well-known member
Its weird for me personally, because certain cultures(including my'n) the concept of retirement homes/nursing homes/ltc is foreign
Our elderly live with us at home, because family
My grandma lived with us till the end, she was 90+
Kids/grandkids look after you, and you want for nothing, no bills or headaches etc
But im basically canadian so no Idea what boat i'll be in
Most municipal nursing homes are actually the good ones when compared to many of the old for-profit ones.
My dad was in Hillsdale in Oshawa. A nice semi-private room where the only thing shared was the bathroom. No wards at all. It's municipal owned.
Only the older homes, many of which are for-profit still have the ward style setups where you're only separated by a curtain and there can be up to 4 in a room for ward, and 2 in a room (again, separated only by a curtain) for "semi private". Very few private rooms available if any at these types of facilities. My wifes grandmother was in the now infamous Bobcaygeon nursing home up until a year ago and had a semi - she's now in Port Perry and has a private.
Reality is after Covid and the realities of how infection control is virtually impossible in rooms where a curtain is the only thing separating people (and the sick, from the healthy) the ward layouts will almost certainly be outlawed, and I wouldn't be surprised to see existing homes receive a sunset deadline by which they need to renovate them out of existence.
My dad was in Hillsdale in Oshawa. A nice semi-private room where the only thing shared was the bathroom. No wards at all. It's municipal owned.
Only the older homes, many of which are for-profit still have the ward style setups where you're only separated by a curtain and there can be up to 4 in a room for ward, and 2 in a room (again, separated only by a curtain) for "semi private". Very few private rooms available if any at these types of facilities. My wifes grandmother was in the now infamous Bobcaygeon nursing home up until a year ago and had a semi - she's now in Port Perry and has a private.
Reality is after Covid and the realities of how infection control is virtually impossible in rooms where a curtain is the only thing separating people (and the sick, from the healthy) the ward layouts will almost certainly be outlawed, and I wouldn't be surprised to see existing homes receive a sunset deadline by which they need to renovate them out of existence.
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Currently building our house in the country with nothing but trees/fields surrounding us (protected). Wife and I both said if we can't care for ourselves in old age smother us with a pillow and bury us in the forrest
I couldn’t agree more! The only debt we have is a mortgage, which will be finished off in a few years, and I wouldn’t want it any other way right now!
My Dad was horrible with money! (Well, just horrible) His stupidity inspired me to be good with money, keep money tucked away for a rainy day, don’t finance, and don’t buy more than you can afford. It has served me well over the years and right now we’re in a pretty good position.
bigpoppa
Well-known member
Currently building our house in the country with nothing but trees/fields surrounding us (protected). Wife and I both said if we can't care for ourselves in old age smother us with a pillow and bury us in the forrest
I plan on riding off a cliff in a gsxr at 75 screaming like ric flair.
The Grand Canyon has plenty of access points....
My parents were happily married for over 50 years. They inspired me to never get married.
Roadghost
Well-known member
Out on the road today. Looks like most everybody is back to work, except the restaurants. Also, I notice that the dealers on Kijiji are actually selling product and they aren't coming off list price much, so it doesn't look like there's going to be a sellers market at all. What you can do is look forward to bikes that are much more expensive next year as our dollar plummets into the toilet because of all the debt we're in. Be prepared to pay 15% more for everything.
bigpoppa
Well-known member
scratch that, make it a ducati, better to go out in style
Don’t know about that....
I just got a pretty good deal on an almost new bike from a dealer. Got them down more than $1,000 from where we started.
bigpoppa
Well-known member
pics?
Sounds like a great plan...but with my luck I'd be that one in a million guy who survives the trip and ends up in the nursing home anyways, but completely invalid, crapping my pants, and on a feeding tube.
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