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I've been looking at the ads on craigslist, and people are still looking for $10K-$14K for their used Harleys. I can't imagine too many are going to get sold for that price, and when people really need cash, there's going to be a lot of used iron on the market for pretty rock-bottom prices. Will anyone buy a new one if they can pick up a fairly recent one for, say, $8K?
I think it might be much worse than that. Maybe 25% of new cost for a bike two to three years old. 2010-2011 will see if I'm right.
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I think most of the Beemer crowd is going to weather the recession just fine
I'm in the camp that believes this isn't a recession and that it isn't temporary. The current economic crash is the inevitable result of the widespread, broadbase loss of manufacturing to southeast Asia. I don't believe anyone in the West will weather this storm. Given the current political climate (summed up in Bush's vow to the Chinese not to interfere with "free trade"), we're headed for thirld-world status.
'08 America Blue/White; Custom Headlamps, Custom Lowers, Clearview 20", Bafflectomy
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