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negative equity

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WARDY:

--- Quote from: Dark Diggler on September 21, 2008, 08:03 AM ---Is it not the same as renovating say an old MGB at a cost of £10,000 only to find its worth £5,000 if you were to sell?

Negative equity only exists if you were expecting a profit from a given project. If you want to make a profit dont renovate or restore stuff like bikes and cars :daumenhoch:

Then again, if you make a small profit from such a hobby its a bonus and good on ya :)

--- End quote ---

i aint built em to gain Mr D  :daumenhoch: ive built em for meself and to keep, i was just saying that a complete build costs more than what it would be worth on the market as a complete build :daumenhoch:

Dark Diggler:
I hear ya  :daumenhoch:

DIRTBIKER250F:
Negative equity on old school bikes is relative to the time, when i started my first old school build in 2002 dcmx1000s were 30. In 2002 maybe at 30 they would have been negative equity, but try getting mx1000s now for 30.

Anyway the bikes look better than a 100 a week drink gambling or drug habit which most of my pals like to restore  :LolLolLolLol:

WARDY:

--- Quote from: DIRTBIKER250F on September 21, 2008, 10:15 AM ---

Anyway the bikes look better than a 100 a week drink gambling or drug habit which most of my pals like to restore  :LolLolLolLol:

--- End quote ---

to true Paul  :daumenhoch:

OrgasmDonor:
absolutaly non of mine :daumenhoch: coz i bide my time to find the parts i want at a price i like and don't get sucked into this nos trap, i build mid school mainly too and the prices have gone up considerably since i started as everything was pennies, literally, when i started puttin bikes together :daumenhoch:

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