The recession - give up biking?

[Morcs]

Ah the joys of having 3 bikes, and not owing a single cent on any of them...

If i got made redundant, i wouldnt need the work hack, so that would possibly be sold.

[zzzbang]

There are few disagreements that the problem is two-fold - on the one hand, too many companies and people have been living beyond their means for too long and it's time to pay the piper. Basically they have run out of money and the means to get more so are defaulting on their debts.

Well if your stupid you will learn the hard way. Hopefully the banks that do survive and the new banks that will take the place of all those that went under will be smarter. People might also learn that you actually have to work and not sit in the coffee shop in wellington all day long.

[MarkH]

The recession - give up biking?

Oi - you wash your mouth out with soap and water missy!

I am thinking of selling my car, then getting a 2nd job (part time) to buy another bike. My problem isn't too many vehicles, it is one too many cars and (at least) one too few bikes!

Ever try commuting in a car in Auckland - sitting in traffic for hours every day won't help the recession in any way!

[madbikeboy]

Have to disagree where we are concerned. Our business relies heavily on building consents. They are WAY down. The staff cuts happening in our business are numbers I have never seen before. then again if you work in debt collection then you probably have more work than you can cope with.

Would I sell up my bike? Highly unlikely. I am sure I could find remnants of other hobbies I could try and flick.

But it's a skewed statement - consents are down against the past few years, but they were well up over the previous years - take a longer view of the cycle and this isn't that bad.

[oldrider]

Self employed so can't be made redundant...

Give up biking? Nah. Sell the house first...sleep in the back of the shop...

Well you can be if consumers stop purchasing your product or services! John.

[Dooly]

Recession? What recession?

I'm busier than I've ever been.

Yep, me too.
No sign of a downturn in my small place of work.
Best year ever last year, this year's looking good too.
Just brought another bike, so thats 3 road bikes now, was gonna sell one, but no hurry, in fact don't think so now.

I kinda think the recession thing is heavily media driven, and a lot of paranoia in it.
But in saying that, its obvious people are losing their jobs, and in my area in the motor trade, the franchises are laying staff off.
But, when they're charging 100 an hour and more, its no wonder people who are struggling come to smaller places like mine than theirs.

[Grahameeboy]

Have to disagree where we are concerned. Our business relies heavily on building consents. They are WAY down. The staff cuts happening in our business are numbers I have never seen before. then again if you work in debt collection then you probably have more work than you can cope with.

Would I sell up my bike? Highly unlikely. I am sure I could find remnants of other hobbies I could try and flick.

But are the Govt going to chuck loads of money into Building this year....

[Grahameeboy]

What reccesion, hyped up media loaded up with buzz words isnt a recession, people have always become redundant, now employers have a great excuse to trim a bit of fat "arhh sorry mate we gotta let you go recession and all that"

Bollocks go out spend up large its all sweet

Agreed...I mean if a business is okay one minute and then cannot handle the next minute hand then makes you wonder whether the recession is an excuse...haven't they heard of the Sigmoid Curve...

Bit like Farmers..comlain when there is no rain...did they not Google "Farmer" when they became one.

I think these times are just little wake up calls for all of us to take stock...1928, how did they manage....well they did and we have it a lot better now.

[Maha]

Well you can be if consumers stop purchasing your product or services! John.

That is exactly right John.
I have never known it to be so slow in the 28 years of my trade.

I am positive it will gather momentum soon, there are those that just have to spend right?

This 'recession' wont effect wage earners and much as it does self employed/business owners, at least those on wages get paid weekly. Its the employer that hurts a little. If the employer starts to hurt too much, then thats when the wage earner could feel the effect of how tight things are, hours cutback or worse.....call ya when I need ya!

[Grahameeboy]

I'll get back to y'all when this recession starts
I personally sold a total of $137,000 worth of bikes last week alone...sure ok, there was an $85,000 sale in that but ffs...when will it start?

Any commission jobs?

[saltydog]

take a longer view of the cycle and this isn't that bad.

I love an optimist but this is the real deal. Not a trade-cycle (very bad pun) but a full-on global mess. All the shit going down in the States.......we are 15-18 months behind them. Hose prices minimum 8 years before regaining pre-recession levels. So its batten the hatches.
Told wife when she married me that if the bike goes, I go. Now she just hassles me about 'going out to ride my mistress', or 'into the garage to fondle her'. Would (reluctantly) sell the boat or small children first (now thats an idea).

[Maha]

If i got made redundant, i wouldnt need the work hack, so that would possibly be sold.

Come on Pete, who will cook and clean for you.....

[Kflasher]

...sell their bikes...

WHAT? NEVER!

But I have de-registered one of the cars to tighten up the budget, hehe

[Starky307]

It will be interesting to revisit this thread in 6-12 months and see if anyone's opinions have changed.

I personally feel we have been very sheltered so far and it is going to get worse.

I agree if you have cash there are some killer deals out there at the moment, I've never seen so many repossession sales on trade me etc what about the amount mortgage sales in the paper, someone is loosing out already.

[Morcs]

I just had a large investment mature. really bad time to reinvest...