Dresden
Well-known member
Very good idea... RE returns are historically 5% (generally speaking), but if you have the means to double down during the downturns, you will come out far ahead.
|
|
|
Are Suzuki GSX-R's becoming Rare?
- Thread starter -Maverick-
- Start date
Very good idea... RE returns are historically 5% (generally speaking), but if you have the means to double down during the downturns, you will come out far ahead.
Our house is paid off in another few years and I'm seriously contemplating using the equity as leverage for an income property....buy a house somewhere and rent it. Even if the rent only pays for 3/4 of the carrying costs, if we put in 25% at the end of every month we're still going to do well in the long run.
So, uhhhmmm....what was this thread about again?
So, uhhhmmm....what was this thread about again?
Our house is paid off in another few years and I'm seriously contemplating using the equity as leverage for an income property....buy a house somewhere and rent it. Even if the rent only pays for 3/4 of the carrying costs, if we put in 25% at the end of every month we're still going to do well in the long run.
So, uhhhmmm....what was this thread about again?
It seems GSXR's have become rare due to the housing market??
I thought there was a shortage a few years ago because of the Tsunami. I think the lack of product for those few years created the shortage of certain year bikes. I haven't seen many GSXR's while out riding last year, but then again I do not ride in the GTA, except to get out of it.
Others have said other brands are making bolder moves with their products, so that could be a real reason. I have owned several other brand sport bikes, and I returned to Suzuki because to me it felt like an old baseball glove, and not as cheaply assembled as some of the other brands I tested. It felt perfectly comfortable right out of the box for me. I ride AGATT, even if its 38c. I saw no other 2015's last season, but I am sure they are out there.. ran into a bunch of people with 13's, and 14's..
Question for anyone who may know.. Would modifying my bike (getting better levers, quick shifter, PCV, adjustable clipons) void my warranty?
Others have said other brands are making bolder moves with their products, so that could be a real reason. I have owned several other brand sport bikes, and I returned to Suzuki because to me it felt like an old baseball glove, and not as cheaply assembled as some of the other brands I tested. It felt perfectly comfortable right out of the box for me. I ride AGATT, even if its 38c. I saw no other 2015's last season, but I am sure they are out there.. ran into a bunch of people with 13's, and 14's..
Question for anyone who may know.. Would modifying my bike (getting better levers, quick shifter, PCV, adjustable clipons) void my warranty?
-Maverick-
Well-known member
Don't. The world is going to end. Cash in and run for the hillsOur house is paid off in another few years and I'm seriously contemplating using the equity as leverage for an income property....buy a house somewhere and rent it. Even if the rent only pays for 3/4 of the carrying costs, if we put in 25% at the end of every month we're still going to do well in the long run.
So, uhhhmmm....what was this thread about again?
-Maverick-
Well-known member
In my YouTube video of last year's Wasaga Beach Motorcycle Rally, there was one 2015 GSX-R. That's out of 800 or so motorcycles.
Don't do any mods that involve the powertrain. GSX-R's rarely grenade, but why give the dealership and Suzuki Canada that ammunition? They will most certainly void your warranty. Clip ons, grips, levers would be fine to mod.
Last edited:
Didn't that happen a few times already?
Thank you! :thumbup:
How are you putting your house at risk? Have you read this thread? I mean the bits that have nothing to do with GSXR's?
H.E.L.O.C. doesn't stand for HELLO Sea, does it?
"Because the underlying collateral of a home equity line of credit is the home, failure to repay the loan or meet loan requirements may result in foreclosure. As a result, lenders generally require that the borrower maintain a certain level of equity in the home as a condition of providing a home equity line."
Why get a HELOC, when you can get a LOC?
Your home is collateral whether mortgaged or HELOC so foreclosure would apply if you can't make payments. HELOC payments are lower and interest is lower. How is that not beneficial? Where is the higher risk? If you can get LOC lower than mortgage rate, even better.
Because the interest rate on a LOC is almost always higher....unless you secure it against your home (so it's now a secured line of credit) which is, more or less, a HLOC by a different name.
But I agree, a SLOC or HELOC can (and DO) get people in trouble. Someone with no ability to manage money can easily end up loosing their home.
If your personal risk assessment scares you (not you, the subject in question) by all means take the necessary precautions. That doesn't speak to the nuts and bolts of an otherwise sound financial strategy. Bonus tip: stay out of casinos if you have a gambling addiction.
Last edited:
I have one family member in particular who, via a different form (second mortgage) did screw themselves out of their own house and flushed away what equity they had built up, so I've seen it happen. I've also watched them piss away other lumps of money in later years.
There's an increasing number of people out there who have zero ability to handle large sums of money, even when in the case of a HELOC that money didn't magically appear out of thin air, it came out of their own house...but they'd piss it away anyways...because live for today, screw tomorrow, right?
-Maverick-
Well-known member
The banks count on you to F up, this is why they offer you more debt. You have to have your house paid off half way to qualify for a HELOC. The bank sees this as you 50% away from losing you as an interest paying customer, so they offer you all this free money (so you think) . I'm starting to wonder if people actually understand what they are doing with a HELOC and what they are signing? I would like to see stats on how many spend more and how many use this powerful tool to F the bank and say goodbye. I paid off my mortgage in nine years using a HELOC.
I think Jericho is politely trying to steer this thread back to the topic. Superbike Racer makes some excellent quality videos. It's a K9 GSX-R 1000 stripped down to the frame and modded back up.
I think Jericho is politely trying to steer this thread back to the topic. Superbike Racer makes some excellent quality videos. It's a K9 GSX-R 1000 stripped down to the frame and modded back up.
Last edited:
|
|
|
|
|