Cardy George
Piercing rural members since 1981
‘Owned by a bike mechanic’
Run away as fast as you can.
‘Owned by a bike mechanic’
Run away as fast as you can.
My mate who is looking for a bike works for one of the more higher end Euro car dealerships. Sales are up 30-40% on 2019. People are not blowing their disposable income on holidays so they are buying other crap like over priced European SUV rubbish.It’s the weirdest recession ever! Everyone has heaps of money to spend on bike stuff.
Will there be a day when all these lightly ridden bikes hit the second hand market or is this the new normal.
My personal favourite "absolute weapon" used to describe everything from an 80mm XC hardtail with Alivio groupset bike to a top spec downhill sled.I think that is just one of the new meta phrases to make people believe bike is "Like New" - Similar to the good old - " Serviced after every ride"
Economies are going through uncharted territory, house and land values go through the roof with record highs and GDP is just chugging along, not record lows nor record highs in Australia.It’s the weirdest recession ever! Everyone has heaps of money to spend on bike stuff.
Will there be a day when all these lightly ridden bikes hit the second hand market or is this the new normal.
Covid house prices confuse me.... I get the whole "money is cheap" thing, but its still massive debt. Just goes to show I dont understand economics. I was shitting bricks buying a house right as this whole things kicked off...Economies are going through uncharted territory, house and land values go through the roof with record highs and GDP is just chugging along, not record lows nor record highs in Australia.
I you want all time favourites you cannot go past - Best Bike I Have Ever Owned and This Is My Dream Bike.My personal favourite "absolute weapon" used to describe everything from an 80mm XC hardtail with Alivio groupset bike to a top spec downhill sled.
'Never crashed' 'over serviced' 'barely ridden' (2 year old bike on 3rd set of tyres..) 'excellent condition, just needs some minor tlc' ie. Needs new gears, brakes, chain, rust removal and the fork is slightly bent..My personal favourite "absolute weapon" used to describe everything from an 80mm XC hardtail with Alivio groupset bike to a top spec downhill sled.
You forgot the absolute gold standard - Frame Cracked but has been ridden fine since'Never crashed' 'over serviced' 'barely ridden' (2 year old bike on 3rd set of tyres..) 'excellent condition, just needs some minor tlc' ie. Needs new gears, brakes, chain, rust removal and the fork is slightly bent..
Love Marketplace descriptions
With no overseas immigration, you'd think supply of houses would be better than ever.Covid house prices confuse me.... I get the whole "money is cheap" thing, but its still massive debt. Just goes to show I dont understand economics. I was shitting bricks buying a house right as this whole things kicked off...
Land supply is the worst it's been in Victoria in the last 5 years. Goodluck buying a semi decent buildable block in Greenfields or regional areas... And that's without the 50 odd percent of the national immigration doing their thing here in Vic. Construction costs in the last month's are about 15 percent up, it's only the start of the pricing increases expected with FK all timber or pod material coming in..going to be a whole bunch of smaller builders who can't get materials and breach client contracts on build times.With no overseas immigration, you'd think supply of houses would be better than ever.
FOMO is very real
People just take huge risks and had more in their piggy banks than what they let on about, I'm pretty sure the government will intervene at every chance to stop the prices falling at this current time. Imagine the turmoil if prices fall sharply when people are mortgaged to the hills. I personally think it's a waiting game ATM, if there's no wage increase over the next 10 or so years, things will get bad for people.Covid house prices confuse me.... I get the whole "money is cheap" thing, but its still massive debt. Just goes to show I dont understand economics. I was shitting bricks buying a house right as this whole things kicked off...
If interest rates start creeping back up if the economy starts overheating, a lot of people are going to be in deep shit. Especially Sydney where everyone is splashing out 1+ Milion for a boring 3 bedroom..With no overseas immigration, you'd think supply of houses would be better than ever.
FOMO is very real
Major lender put up rates last week, and increased minimum deposit percentage. A majority of high percentage LVR loans have been pulled from market over the last quarter.If interest rates start creeping back up if the economy starts overheating, a lot of people are going to be in deep shit. Especially Sydney where everyone is splashing out 1+ Milion for a boring 3 bedroom..
What the vendor thinks is in his pantaloons...I think "absolute weapon" is referring to the vendor.
Agreed. The Government will never let the housing market crash now, it's too big to fail and would do too much damage. Which means everyone will just pay for it by propping it up instead like we did for the banks in 2008.People just take huge risks and had more in their piggy banks than what they let on about, I'm pretty sure the government will intervene at every chance to stop the prices falling at this current time. Imagine the turmoil if prices fall sharply when people are mortgaged to the hills. I personally think it's a waiting ATM, if there's no wage increase over the next 10 or so years, things will get bad for people.
You can hardly buy a house in Adelaide at the minute. There are openings up in the suburbs around where I live getting 70-100 people through in the first opening with several offers over the asking price. More buyers than available housing.With no overseas immigration, you'd think supply of houses would be better than ever.
FOMO is very real
Same thing is happening in my area around the foothills of Mount Dandenong (Vic), all the backyards people did not want 5-10 years ago are suddenly in demand.You can hardly buy a house in Adelaide at the minute. There are openings up in the suburbs around where I live getting 70-100 people through in the first opening with several offers over the asking price. More buyers than available housing.
The working from home environment has people moving out of apartments and into the leafy burbs where a lunchtime walk can be a head clearing exercise.
Adelaide CBD has over 1000 empty dwellings, most of these were apartments for international students.