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Same is true for the amount of time you put into something. I was looking at buying a bike that was worth about $1000.00. And I was willing to pay $1000.00 The seller wanted $3000.00 because he put "a lot of time" into cleaning the bike and making it ride able.... The sellers time was not worth $2000. to me.
Same is true for the amount of time you put into something. I was looking at buying a bike that was worth about $1000.00. And I was willing to pay $1000.00 The seller wanted $3000.00 because he put "a lot of time" into cleaning the bike and making it ride able.... The sellers time was not worth $2000. to me.
Yep... this is why if I buy to flip, I don't put time and money into it because you end up making less money if you factor in your cost of time and materials. Sure it will sell for 100 bucks more, but you gotta think of what it cost to get the extra 100 bucks out of the bike.
Same is true for the amount of time you put into something. I was looking at buying a bike that was worth about $1000.00. And I was willing to pay $1000.00 The seller wanted $3000.00 because he put "a lot of time" into cleaning the bike and making it ride able.... The sellers time was not worth $2000. to me.
Exactly. Unless I really, really like the bike, I won't spend more than a day physically working on it.
The Huffy Camaro and AMF Scorcher I recently finished and posted were projects I enjoyed doing. It's a good thing I did enjoy it, because I will tell you that I have way more time into those than they will ever be worth and I knew it going in. I have parted out bicycles over ugly paint and needing new tires or a wheel replaced. People say, "why scrap it out? It only needs xx things done to it!" Well, tires are now about $30 each for something decent, figure in tubes and rim strips, all new rubber will run you about $80 on even low end bikes. I'm lucky to have a stash of nice, used ones!
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