Chicken Little Says "The Sky Is Falling,The Bike Market Is Dead"!

[kreika]

Maybe instead of 1-2 large bike boxes ship in 3 or 4 smaller ones to reduce the oversize charges? Hopefully this will bring swap meets back big time! Nothing better than seeing and buying it in person!

 

[dasberger]

Cycles... it's all cycles. As the Oracle says: "Be greedy when others are fearful".

 

[DrRumack80]

I don't know what the situation is in the other states, but the price of housing here in the Phoenix area is really mind blowing. In 2016 a home on my street sold for $289,000 and a couple months ago it was resold for $630,00. A one bedroom apartment in the newly built slums are $1800 a month.

When housing prices wildly outstrip incomes in an area, it's not sustainable. Something has to give, and it will not be pretty.

 

[catfish]

The main thing killing the hobby, is the people saying it is dead.

Promote what you love, don't destroy what you hate.

 

[AS-1]

OK, we've highlighted the problem. Does anybody want to address the cause?

 

[bikesnbuses]

You DO know we do this EVERY SINGLE summer..(> Including me <) "Nothings selling!" (except quality items..) And ups and downs as stated in markets..
Real estate ..? stupid,sure our house value has almost doubled but its downright stupid.In my opinion most of the people BUYING/PAYING the $ have more money than brains I assume..That was ONE of the reasons I "got out" of VW buses ,When prices got to ;10K for a rusted out shell without a title?? INSANELY HARD pass...
Im glad Ive owned my house for a long time and was able to move some purchases of other property at the right time,but good lord.. Phoenix AZ..??I dont understand how its such a "hot" commodity Lived there,have friends there,couldnt PAY me to live there now..I feel absolutely terrible for one of my best friends that are "stuck" there in a house they own that they could flip for $$$$$$ and get the %$@# out of the 110 a day heat..but ,the old"Well,we have family here so we cant.." HOPEFULLY you guys in Pheonix wont run out of water before the home values run out of steam..

 

[DrRumack80]

A lot of single family homes are being grabbed up by corporate interests, like Blackrock, and rented out. It's driven up prices and forced many first-time buyers out of the market. This is what happens when interest rates are kept artificially low for over a decade. Lots of cheap money sloshing around and it was plowed into the housing and stock markets.

 

[GTs58]

When housing prices wildly outstrip incomes in an area, it's not sustainable. Something has to give, and it will not be pretty.

Back in 2006-2007 the housing market here was crazy. A builder would start a new subdivision and then set up a trailer for the sales office out in the middle of a field. People were standing in lines to put down a deposit to reserve a lot and home. Houses were selling like crazy and the builders kept raising the prices higher and higher thinking it would curb their sales! Well that idea just created a panic, and everyone thought they had to by now before the prices go even higher. Then the economy took a dump and homes were being repossessed and then resold to investors that had control of the market.

 

[DrRumack80]

Back in 2006-2007 the housing market here was crazy. A builder would start a new subdivision and then set up a trailer for the sales office out in the middle of a field. People were standing in lines to put down a deposit to reserve a lot and home. Houses were selling like crazy and the builders kept raising the prices higher and higher thinking it would curb their sales! Well that idea just created a panic, and everyone thought they had to by now before the prices go even higher. Then the economy took a dump and homes were being repossessed and then resold to investors that had control of the market.

FOMO - fear of missing out. Bingo!

 

[Freqman1]

I saw the other day where full time FEDEX drivers were getting $175k a year!