RE: KTM situation (update as of 11/14/24) - 5

Some years ago, a financial analyst wrote about the coming aging of Baby Boomers and how that demographic would cause a seismic shift in spending habits, with less money allocated for high ticket items and homes, etc.. The earliest of the Boomers is now 78 (I'm close to that), and the generations behind appear less willing to spend on big homes, cars and investments. Some are preferring to allocate money to sports betting (a poor choice) and are still living with their parents. Or they're betting on bitcoin, zero-day-to-expiration options, etc. The financial scene looks enticing now...and it did in 1929 also.

The point of all this is that the demographic shift means autos, motorcycles and real estate are perhaps looking at years of decline. Younger people don't want a mortgage, crippling insurance costs and toys they cannot afford.

"Eat, drink and be merry, for tomorrow..."

My home was built in 1971 and cost $35,000. I bought it 6 years later for $100,000. Now it is apparently worth, based upon what other homes in my area are selling for, around $1.6 million. However, I have no plans to sell as my home is paid off and living here for a year cost, paying for taxes, insurance, utilities and some minor upkeep, as much as renting a one-bedroom apartment in the Bay Area for three months. I don't know how anyone can afford to buy a home around here, but somehow they manage to do so.

Getting back to the thread subject: Motorcycle.com has just published an article regarding their visit to the KTM factory in September, which also touches on the company's financial troubles. It includes a KTM video showing much of the world's press being invited to the factory to see how their bikes get built: https://www.motorcycle.com/bikes/feature...de-ktm-44613769

Zitat von Richard230 im Beitrag #63

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My home was built in 1971 and cost $35,000. I bought it 6 years later for $100,000. Now it is apparently worth, based upon what other homes in my area are selling for, around $1.6 million. However, I have no plans to sell as my home is paid off and living here for a year cost, paying for taxes, insurance, utilities and some minor upkeep, as much as renting a one-bedroom apartment in the Bay Area for three months. I don't know how anyone can afford to buy a home around here, but somehow they manage to do so.

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Zitat von BEARR im Beitrag #65

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Zitat von Richard230 im Beitrag #63

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My home was built in 1971 and cost $35,000. I bought it 6 years later for $100,000. Now it is apparently worth, based upon what other homes in my area are selling for, around $1.6 million. However, I have no plans to sell as my home is paid off and living here for a year cost, paying for taxes, insurance, utilities and some minor upkeep, as much as renting a one-bedroom apartment in the Bay Area for three months. I don't know how anyone can afford to buy a home around here, but somehow they manage to do so.

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I don't know how any young couple can afford a home now. The cost of the home is only a part of the expense. Have you looked at home insurance rates? They're crazy. Then there's upkeep, property taxes and utility costs (which in CA are high). This has to be unsustainable, or there's a hidden source of free money we're missing out on.

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Zitat von Richard230 im Beitrag #63

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My home was built in 1971 and cost $35,000. I bought it 6 years later for $100,000. Now it is apparently worth, based upon what other homes in my area are selling for, around $1.6 million. However, I have no plans to sell as my home is paid off and living here for a year cost, paying for taxes, insurance, utilities and some minor upkeep, as much as renting a one-bedroom apartment in the Bay Area for three months. I don't know how anyone can afford to buy a home around here, but somehow they manage to do so.

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Zitat von Mr. 36654 im Beitrag #67

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Zitat von Richard230 im Beitrag #63

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My home was built in 1971 and cost $35,000. I bought it 6 years later for $100,000. Now it is apparently worth, based upon what other homes in my area are selling for, around $1.6 million. However, I have no plans to sell as my home is paid off and living here for a year cost, paying for taxes, insurance, utilities and some minor upkeep, as much as renting a one-bedroom apartment in the Bay Area for three months. I don't know how anyone can afford to buy a home around here, but somehow they manage to do so.

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I and my brother-in-law have similar size houses built in the 1950s. My lot, at 60x100, is probably larger and has a detached 2-car garage with second floor workspace. MY BIL has a basement garage stall. My place is worth $325K. My BILs place in Seattle is easily $2M. I could drive 15-miles east or north, and the price of something similar to my place would be 20 to 30% less.

So, there are options.

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Zitat von wessie im Beitrag #69

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KTM pulling out of the MV Agusta partnership - they had taken 50.1% but looks like they are handing it over to management

https://www.paddock-gp.com/en/street-bre...trategic-asset/

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May be old news, but just saw it today in the media - Honda and Nissan discussing merger due to the financial problems both face.

https://www.cnbc.com/2024/12/18/what-a-p...o-industry.html

Zitat von wessie im Beitrag #69

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KTM pulling out of the MV Agusta partnership - they had taken 50.1% but looks like they are handing it over to management

https://www.paddock-gp.com/en/street-bre...trategic-asset/

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Zitat von wessie im Beitrag #73

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Zitat von BEARR im Beitrag #72

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May be old news, but just saw it today in the media - Honda and Nissan discussing merger due to the financial problems both face.

https://www.cnbc.com/2024/12/18/what-a-p...o-industry.html

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New today. They had previously spoken about jointly developing an EV but this is the first report of a potential merger.

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