|
Post by JonW on Sept 23, 2021 3:44:37 GMT 1
The only reason I can see that increase in value is a good thing is that people now feel that restoring them properly is worthwhile. That means rather than bang in some old cheap tat or iffy used parts we now have guys going the extra mile with nos and getting high end engineering and paintwork done; no more rattly matt black rat LCs etc.
I have multiple LCs... to me the price rises are good for the above but bad for the fact I've been looking for another frame (or project) as I now cant afford to buy. I dont sell my bikes so their 'worth today' isnt an issue or an excitement to me, but it is nice to know that were I to have to sell them that some of the extra spend on nos, new OEM parts (we all know how buying those yam packets each month is a worse habit costwise than the white powder versions you see on telly) plus those pro services that I overspent on over the years might well now be covered. That knowledge means the outlay possibly hurts less, but Id have still done it. Id rather save a bike and lose money doing it when selling than scrap one, its a hobby not a biz for me so I dont worry so much about the overall cost, but i do shop around so as not to waste money. Go to the cinema, have a meal, visit the pub or get a mistress and youre happy for an hour or two, afterwards youve nothing to show for it. Get an LC and it'll cost you more but youve got an asset in the garage...
|
|
|
Motors
Sept 24, 2021 4:19:42 GMT 1
Post by icarus001 on Sept 24, 2021 4:19:42 GMT 1
Some people don't know the difference between an asset and liability.
A house that you need to live in is a liability, because it will only ever cost you money, you could sell it but then you'd need to sleep on the streets or buy another liability, it's not an asset, for you anyway, it might be one for your kids when you die. A motorcycle that you don't want to sell is a liability, because again it will only ever cost you money.
A house/motorcycle that you rent out, or bought to sell, might be an asset, but the value of your asset can go up as well as down.
There is another aspect to it that I think adds to demand, currently these bikes retain their value, so someone that might not usually drop that sort of cash on a bike because of depreciation might be tempted to buy an LC because "it's as good as money in the bank" and if he needs to he can cash in and get his money back. These people also talk up the value of them, because they need the value to stay high - they also tend to spout a lot of rubbish about them as well - "it'll keep up with a modern bike", "faster than a CBR600 through the bends" etc - they like to keep interest and values high.
|
|
|
Post by JonW on Sept 24, 2021 4:56:48 GMT 1
All assets are actually liabilities if you see it that way. That rental property you bought is costing you maintenance as well as earning you money and going up in value when times are good. Even that Banksy you got cheap and hangs on your wall costs you for insurance etc etc
|
|
|
Post by AynRandyAndy on Sept 24, 2021 9:13:53 GMT 1
I’m guilty of fuelling the arms race.
I recently bought (and no doubt paid over the odds) to get the bike I wanted.
I did it primarily to recapture the buzz (and pride) I felt as a 20 year old when I had a couple back in the 80s.
My first ride out on Thursday after 30 years away, along the sunlit A / B roads of the Sussex countryside convinced me that I’d done the right thing.
There was a not insignificant secondary reason for the purchase, apart from the possibility (probability?) that prices would continue to rise; and that was the alternatives for spare cash.
UK governments have spent decades favouring borrowers over savers, with interest rates at rock-bottom.
I could have kept the money sitting in a bank account or government bonds, losing money, when inflation is factored in.
Or I could have some of my spare cash sitting in the garage or out on the road as a beautiful example of man’s ingenuity and talent.
It was a no-brainer.
|
|
|
Post by element137 on Sept 24, 2021 12:03:57 GMT 1
The emotional attachment is the most important thing me - therfore only a small number of bikes I would want to restore/own - I took the plunge this year and brought an LC2 as a project , after waiting almost 18 months for the right project to come along at what I thought was the right price- it got to the stage with current price inflation, that it made sense just to buy one and worry less about the price - since buying I have accumulated £2k worth of parts for the restoration, I reckon by the time its done - will owe me £10K - and I couldn't care less - I will never sell it - so any funds put in are an investment in my happiness - any return on it will be for me kids - just having it the garage makes me smile - I'm lucky enough now at an age to be able to have the bikes I dreamed about as a kid - and I have both of them - so I have a 400/4 , and the LC2 - as kid never in my wildest dreams did I consider at some point in my life I could ever own both - as for future project - really fancy doing an early carb model R6 - as the first one I had lost in divorce process - it seems so many of us are wanting to 'get back' something either lost, or something we thought we could never attain - motorcycles in my life have always rinsed me of cash, right from the very first signing of a credit agreement on a TZR125 that I couldn't afford- to the eye watering cost of restoring stuff now - but brought happiness that cannot be valued
|
|
|
Post by firmstools on Sept 24, 2021 19:06:02 GMT 1
The emotional attachment is the most important thing me - therfore only a small number of bikes I would want to restore/own - I took the plunge this year and brought an LC2 as a project , after waiting almost 18 months for the right project to come along at what I thought was the right price- it got to the stage with current price inflation, that it made sense just to buy one and worry less about the price - since buying I have accumulated £2k worth of parts for the restoration, I reckon by the time its done - will owe me £10K - and I couldn't care less - I will never sell it - so any funds put in are an investment in my happiness - any return on it will be for me kids - just having it the garage makes me smile - I'm lucky enough now at an age to be able to have the bikes I dreamed about as a kid - and I have both of them - so I have a 400/4 , and the LC2 - as kid never in my wildest dreams did I consider at some point in my life I could ever own both - as for future project - really fancy doing an early carb model R6 - as the first one I had lost in divorce process - it seems so many of us are wanting to 'get back' something either lost, or something we thought we could never attain - motorcycles in my life have always rinsed me of cash, right from the very first signing of a credit agreement on a TZR125 that I couldn't afford- to the eye watering cost of restoring stuff now - but brought happiness that cannot be valued Think just about every word rings true with me (and probably most of us) except my bikes will be donated to a museum/collection come the time. My kids would only sell them for what I said they are worth anyway.
|
|
|
Post by wassy06 on Sept 24, 2021 19:50:47 GMT 1
How do you build a 10k LC
Start out with 15k. !
|
|
|
Post by steve h on Sept 24, 2021 20:27:21 GMT 1
Assets, liabilities? I see our old bikes as neither. I just like them and find them a much better ride than a fat tyre modern bike that to me feels leaden and cumbersome in comparison. I hope the market and their "worth" totally collapses... It would make my day for mine to be worth 3 curly wurlys. Who gives a crap about future "investments?...you're going to die..... better to ride em and have fun, and to hell with all that bollox.
|
|
|
Post by veg on Sept 24, 2021 21:54:32 GMT 1
3 I’d say 4 curly wurlys. And damm fine they are nearly as good as 4 banana toffo’s
|
|
|
Post by marrcel on Sept 24, 2021 22:18:14 GMT 1
Tbh i am very happy with 17” modern tires on my lc2. 120/150 Can’t imagine what’s it worth nowadays. I
|
|
|
Post by reedpete on Sept 24, 2021 22:27:23 GMT 1
Think Steve h hit it on the head. I would love it if all my bikes were worth nothing. The only people who would pay any interest would be the ones who cared about the unique characteristics that defined a sense of place and time…the 80’s, the world at our feet and whilst onboard an LC, care abandoned about what the future might bring…
|
|
|
Motors
Sept 24, 2021 22:34:31 GMT 1
veg likes this
Post by steve h on Sept 24, 2021 22:34:31 GMT 1
3 I’d say 4 curly wurlys. And damm fine they are nearly as good as 4 banana toffo’s Jeeeezus..... banana toffos??? There's always one lowering the conversation....
|
|
|
Motors
Sept 25, 2021 2:58:23 GMT 1
Post by bare on Sept 25, 2021 2:58:23 GMT 1
n/t
|
|
|
Post by bare on Sept 25, 2021 3:02:52 GMT 1
Assets, liabilities? I see our old bikes as neither. I just like them and find them a much better ride than a fat tyre modern bike that to me feels leaden and cumbersome in comparison. I hope the market and their "worth" totally collapses... It would make my day for mine to be worth 3 curly wurlys. Who gives a crap about future "investments?...you're going to die..... better to ride em and have fun, and to hell with all that bollox. You Serious !? I have a 600RR (since New) that is absolutely Nothing like what you say. It Light, Responsive and gives one religion 'quick'. Luv riding my old Lc.... But equal let alone 'better' than the Honda ? Not A hope... that's just Wet Talk.
|
|
|
Post by veg on Sept 25, 2021 3:44:56 GMT 1
No that’s Steve’s opinion, in the same way you hate progressive fork springs, the prices we pay in the uk, anyone who doesn’t agree, over size tyres etc etc etc He prefers the way his Lc handles, me I prefer the taste of a banana toffo the artificial taste of banana ( which is based on an extinct banana sub species) he prefers curly wurlys, now I disagree and think he’s a feckin heathen but, I’d never say anything because I respect his right to be wrong, and I know he is a Pictish Druid residing in a Gaelic country training those receptive enough in the dark arts of ‘country’ folk. Think ‘getafix’ from asterix but more ‘notgiveaf**k’ So whilst I may be right I’d never tell him.
|
|
|
Motors
Sept 25, 2021 13:43:23 GMT 1
veg likes this
Post by steve h on Sept 25, 2021 13:43:23 GMT 1
I dont like wide tyres...I aint the only one, maybe try and get some 17" 3.50 and 4.00 to fit to my 08 Honda 600 for that "skitish BITD feel" They were good enough on a cb900 on its pegs at 80 plus....just..... But I must say, that as for a modern motor, the honda does feel so much better than others, especially big 1000s. But what pisses me is the fact that our bikes are now at a silly price level....and I cant get the 350 I always wanted..... when there are far "better" bikes like SS600's out there to be had for peanuts. I make no apologies for thinking that the LC is the best thing I ever swung a leg over.
|
|
|
Post by muttsnuts on Sept 25, 2021 14:05:38 GMT 1
now now, your wrong Veg, banana toffo, no ........ black jacks and flying saucers where the top sweets, closely followed by chewy refreshers.......... - curly wurly's are pretty good though, but much smaller than I remember, bit like wagon wheels, they are defo way smaller, they use to be the size of my face when I was growing up
|
|
|
Post by steve h on Sept 25, 2021 14:23:11 GMT 1
Wow!! Mutts, you are the only person I've heard of, who actually likes those saucer things!!
An ex officer I know once caused consternation in a squad car with a sherbet dip spillage ... They thought a constable had a substance problem..... it was tested and so was the other orificer.......
|
|
|
Post by muttsnuts on Sept 25, 2021 14:39:05 GMT 1
I hate parma violets - never knew anybody who liked them !
|
|
|
Motors
Sept 25, 2021 15:37:59 GMT 1
via mobile
steve h likes this
Post by veg on Sept 25, 2021 15:37:59 GMT 1
Love them Parma violets crushed and put on top of mackies ice cream 👍
|
|
|
Motors
Sept 25, 2021 16:11:18 GMT 1
veg likes this
Post by muttsnuts on Sept 25, 2021 16:11:18 GMT 1
|
|
|
Motors
Sept 25, 2021 18:36:00 GMT 1
via mobile
steve h likes this
Post by midlifecrisisrd on Sept 25, 2021 18:36:00 GMT 1
If you loved black jacks you would love fruit salad
Those flying saucers were just wrong
Like eating a sherbet dip through the packet
Steve
|
|
|
Post by panzermatt on Sept 25, 2021 19:02:44 GMT 1
The way I see it there are a lot of similarities between house price rises and motorbike price rises. There are people who stand to gain from the price rising; estate agents and solicitors (mainly) work on percentages, the higher the house prices the more money they make for essentially the same amount of work the mortgage lenders lend you £150,000 now for the same house they would have lent you £120,000 for a couple of years ago. More money for the same amount of work. Any the government make more money in stamp duty. these people who stand to make more money will tell everyone as often and as loudly as they can that rising house prices are a good thing. Well they would wouldn't they? If you have two houses and the prices are rising you also stand to gain. I never understood why people who have one house they live in and thought it was good. Unless you sell it to then go live in a shed or house boat how do you get your hands on the money? You could sell it to one of those companies who'll give you 100k for your 150k house and let you rent it off them I suppose. If you have an LC and you sell it for thousands in profit you have money in the bank but you no longer have an LC so can't have wanted it badly to start with? I had a heated discussion with someone about this decades ago. He said that rising house prices was a great thing. He had a house and was selling it to buy another bigger more expensive house nearby. he said that if the price of his hadn't gone up so much since he bought it he wouldn't have been able to buy his new one. when I pointed out the fact that his new house had gone up in price more in that same time period than his had and that he had to borrow more money to buy it he got a bit irate. If you want an LC and you don't have one then it's a bad thing I suppose. You'd have to want one a lot now! I've had mine for decades. Never once did I think I'd rather have the money even though I have been "on the bones of my @rse" at times as my Mam would say. If you have one or more then I suppose it is a good thing. Maybe these people are talking it up a bit but you can't MAKE people put their hands in their pockets and hand over 6, 7, 8+ thousand pounds can you?
|
|
|
Post by panzermatt on Sept 25, 2021 19:07:53 GMT 1
steve 63 (thrash merchant) i had a similar argument with my mother of all people, she proudly proclaimed she had her house valued (why? she wasnt selling) and it was worth 350,000 euro. chuffed she was. i said all that means is none of your grand kids will ever be able to buy a house and have a family. she ignored that, as it didnt suit. i would love and i mean love (i own my house) for there to be an almighty property crash to realistic levels. i expect flak here from some economist now.
|
|
|
Motors
Sept 25, 2021 19:37:52 GMT 1
Post by steve h on Sept 25, 2021 19:37:52 GMT 1
steve 63 (thrash merchant) i had a similar argument with my mother of all people, she proudly proclaimed she had her house valued (why? she wasnt selling) and it was worth 350,000 euro. chuffed she was. i said all that means is none of your grand kids will ever be able to buy a house and have a family. she ignored that, as it didnt suit. i would love and i mean love (i own my house) for there to be an almighty property crash to realistic levels. i expect flak here from some economist now.
|
|
|
Post by donkeychomp on Sept 25, 2021 21:38:37 GMT 1
Lurve Fruit Salads. You can still get them too. Flying Saucers were awful. Space Dust was a laugh the first time then expensive (12p) and tedious.
I had to have my house valued for probate. So I know what it's worth and it surprised me. All irrelevant as I will never sell it but it goes to someone in my will. Reminds me, I need to draw up a will. Thankfully it's easy to do and free.
Alex
|
|
|
Motors
Sept 26, 2021 1:43:21 GMT 1
Post by steve h on Sept 26, 2021 1:43:21 GMT 1
|
|
|
Post by darboots on Sept 27, 2021 10:19:15 GMT 1
I don't think our bikes will be worth much in 20 years time... Who's gonna want them enough to warrant that money? Not many kids want a bike these days, let alone an 'old' one. Even less can be arsed to pass their test now that you have to sell a kidney and jump through eighteen hoops to get to being able to ride a 33bhp commuter.
|
|
|
Motors
Sept 27, 2021 10:59:56 GMT 1
via mobile
Post by chrisg on Sept 27, 2021 10:59:56 GMT 1
I don't think our bikes will be worth much in 20 years time... Who's gonna want them enough to warrant that money? Not many kids want a bike these days, let alone an 'old' one. Even less can be arsed to pass their test now that you have to sell a kidney and jump through eighteen hoops to get to being able to ride a 33bhp commuter. People will read this in 12 months and say how wrong we were. Prices will keep rising, next year a 350lc 8k minimum/needs work.
|
|
Dave B
Drag-strip hero
Posts: 240
|
Post by Dave B on Sept 27, 2021 11:03:23 GMT 1
I was watching that programme about the Youkshire Classic car auction. They were saying that the prices of pre WW2 and early 50s cars have collapsed, because the people who remember them, and want to re-live those days are in Care Homes now ( or dead!). Cars from the 60's 70s and 80s are 'desirable classics and people are spending fortunes on buying and restoring them. The time will come when the people who were teenage tearaways on their LCs are mostly driving Zimmer frames, and the valuable bikes are the current new models. The only exceptions are the REAL classics. Brough, Vincent, MV, Ducati, successful race bikes of famous riders, or specialised exotica like a Bimota . I could easily argue that the Yam two stroke twins are classic, but the truth is that they are mass produced models and rarely individual enough to be rare and valuable. I reckon that an RD500 or and RG will be worth hanging onto though. Just wish I had one!
|
|