There are several drivers for this (read cost of living), but catching our first time investors who cottoned on to the fact that prices of vehicles of our yoof keep increasing in value. It's kinda a new thing as we find ourselves with disposable income, better health than before and a desire to Peter Pan ourselves.
An economist will likely sneer and point out parallels.
But unlike houses which people need to live in and sit on (hopefully) forever land; you don't Need a Bonnie.
And people think they are immortal so never anticipated that they would Age Out of riding that increasingly unweildy machine.
Nevermind, I'll just sell it.
Oh. Everyone else of the age that wanted one has come to the same conclusion and is counting pennies having been retired a while and consider downsizing their everything.
I have a fairly broad education having absorbed many old bike magazines over the decades, but most people my age were like the Bonnie buyer 20 (30, 40?) years ago. Except we probably want an Injected GSXR or a Repsol Blade.
Wish I'd never sold [insert model]. . .
And so it will continue, and this thread is validating itself more than I realised all those (12) years ago. Wish I'd started it. I didn't appreciate Aging Out. At all.
Pick up a Classic bike magazine (showing your age buying paper) and they can't help mentioning a 'Softening of prices' on old British bikes, read: market is falling in on itself.
The trick is to buy an asset before it is on the rise, then sell before peak and definitely before the asset is no longer an asset.
Anyone want to buy my phone card collection?
Don't you look at my accountant.
He's the only one I've got.
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