I'm seeing a lot of Facebook/gumtree adverts for weights benches, treadmills, kayaks, SUPS..... all the stuff that people were going mad for, and they're not selling quickly if at all. Also been tracking some campervans on eBay and stuff is not making reserve. plus we recently sold our caravan (purchased pre lockdown) and whilst we made a small profit it sold for a good £1.5k less than we could have got last year, and interest was low.
Feels like people are starting to offload the kit they bought at Ferrari prices back in 20/21 but aren't quite ready to accept that they will not be getting anywhere near what they paid.
Anyone care to admit to any rash purchases... maybe you are still sitting on a giant throne made from toilet rolls?
I imagine that loads of people are either deferring purchases because of the cost of living crisis, or trying to sell stuff to make money because of the cost of living crisis.
Either way, discretionary expenditure is a bit lower down the priority order.
You know when the best time to sell camper vans, kayaks and other holiday stuff and get a quick sail for a good price? Right at the end of the holidays 😉 With or without lockdown or soaring bills non of that stuff would be moving quickly at this time of year.
We’ve got a Turbo Trainer sitting in the spare room that needs to go onto eBay, it’s not been used since it got too hot in May 2020.
Turns out I prefer riding my bike outside to in my spare room.
Consumer goods being sold off are all well and good, but I am worried that people won't be able to keep their recently acquired pet dogs as they move back into the office as home working becomes expensive to do this winter.
You know when the best time to sell camper vans, kayaks and other holiday stuff and get a quick sail for a good price? Right at the end of the holidays 😉 With or without lockdown or soaring bills non of that stuff would be moving quickly at this time of year.
Lol, I guess that time of year will have an impact, but a lot of these purchases (I'm also looking at you, hot tubs) were done at massively inflated prices and that bubble of demand appears to have burst beyond those seasonal variations. Some people could be seriously out of pocket.
A colleague of work is always complaining about his 2021 purchase of a £15K 'garden room' that now dominates his semi detached back garden and is used as a storage shed.
but I am worried that people won’t be able to keep their recently acquired pet dogs as they move back into the office as home working becomes expensive to do this winter.
already happening
https://www.bbc.co.uk/news/uk-england-northamptonshire-62650444
https://www.belfastlive.co.uk/news/northern-ireland/co-tyrone-animal-shelter-overwhelmed-24621774
I'm waiting for the bubble to burst.
Dependant on what you're interested in, there could be some great bargains.
Give it 6 months to really squeeze the best deals from others misfortune and forced sales.
frankconway
Full Member
I’m waiting for the bubble to burst.
Dependant on what you’re interested in, there could be some great bargains.
Give it 6 months to really squeeze the best deals from others misfortune and forced sales.
Nice, fully embracing yer inner tory there.
Nice, fully embracing yer inner tory there.
Nothing at all wrong with snapping up bargains if you can afford to. There’s nothing “inner Tory” about it!
I’m seriously thinking of holding back on my next bike purchase to see if any bargain second hand stuff pops up in the next few months.
Yeah that’s your Facebook algorithms showing them to you. That said they are easy to get hold of now as they’re in stock in shops, so secondhand ones aren’t seller as fast.
I was going to suggest it's Facebook algorithms too, especially if you've looked at any similar products anywhere online.
I accidentally broke a long-standing rule and clicked a clickbait article (amazing hacks for pvc pipe or some nonsense) and a few days later my Facebook feed is completely clogged with similar nonsense.
At the moment it's:
Group/Friends post
Marketplace ad
Advert
Marketplace ad
Group/Friends post
Clickbait
... And repeat...
Some people could be seriously out of pocket.
SiL and BiL bought a early 1990's seriously rusty Mazda Bongo for £12.5k... They've just spent £2k on chassis repairs and £500 on electrical issues to get it through the MOT. There's a few for sale locally for £3-6k....
Interesting snippet on the news this morning. Peleton have announced $1.2 Billion losses for 4th Quarter 2022. The reason being that people flocked to buy their goods and services during lockdowns and they geared up production anticipating that boom to continue. It didn't.
The local caravan servicing places are all fully booked for the next 2 months. Had a chat to one of the owners and he said that the bubble has not burst for his sector. If anything it is busier as people have started using their vans again after it lying dormant before the lockdown and they are now getting them in shape for the next few years when foreign holidays are too expensive
@scapegoat - There is almost weekly forecasts of doom for peleton based on sinking sales/turnover
I’m no expert but Peloton sound like they’re done for. According to this, their valuation has dropped from £50billion at the start of the pandemic to £3.6billion now. I’m sure things like the £40 a month subscription for a fancy clothes horse Exercise bike will be one of the first things to go once money gets tight.
Do the bikes work with other things like Zwift? If not it’ll be a very expensive waste of space if Peloton fold.
Not just Pelton - I was talking to someone in the bike trade the other day and their sales are 50% down on last year.
Campervan prices are definitely dropping, the overpriced stuff isn't selling.
To be expected - it's coming toward the end of summer, there's the fear of impending financial meltdown, and the COVID boom has ended. I think prices have a long way to drop yet.
was talking to someone in the bike trade the other day and their sales are 50% down on last year.
Also see the Pearl Izumi and Sportful sales in other threads with a lot of stuff 70% off. Late delivery of last years stock? Over ordered in boom and now no demand? Cash flow issue? It’s surely one of those.
Lol @ fancy clothes horse.
I think all of these subscription based services will be squeezed tbh. I wonder how the lease car market is / will fair? Can you take a lease back early?
@TheBrick pretty sure you can by paying a penalty, off the top of my head I think it is a sliding scale depending on how long is left on the lease
Also have a cheapo Planet X turbo trainer. Bought to relieve some boredom of the 2nd/3rd lockdown when it was mid winter/dark nights and then I remembered that using turbo trainers incite more boredom so used it once and then folded it up in the corner of the garage.
Anyone want it? Collection from York - will swap it for a few 4 packs of nice beer.
Im looking for a Canadian canoe, decent rowing machine and a gen1 Porsche Boxster, I reckon £100 should get me all three in January.
Ooh, please can I tangent...
If anyone has some rudimentary weights around Manchester that they want to sell, then let me know.
Please can this thread's title be edited so I don't keep seeing the "word" "stay**tion" 🤬
Please can this thread’s title be edited so I don’t keep seeing the “word” “stay**tion” 🤬
Yeah - change it to Holibobs!
I did impulse buy an Ibanez GIO something-or-other (looked ace, sounded shit) but was lucky enough to be able to punt it on in time. I can't think of owt else but there's bound to be something 🤣
Please can this thread’s title be edited so I don’t keep seeing the “word” “stay**tion”
Indeed. The key part of the word in 'staycation' is 'stay', i.e. staying at home, and doing holiday type stuff. Going on holiday in Cornwall in the campervan you bought in lockdown, loaded with the SUP, inflatable canoe and border terrier puppy that you also got in lockdown is, in fact, not a staycation, it's going on holiday.
I can just see the cheery headlines... 'Hardship Bargains in Broken Britain'..... 'Spend Your Way to Happiness'.. 😉
I stopped my Zwift subscription. Not because I couldn't afford it, mainly because it's sh1t.
Secondhand bike prices seem to have settled back down now, close to pre-Covid but perhaps with a bit for inflation.
With energy and other prices rising and winter on the way, the phenomenon described by OP could accelerate and we might be reading articles about "the great clear out" in months to come.
SiL and BiL bought a early 1990’s seriously rusty Mazda Bongo for £12.5k
OMG, I think some people completely lost the plot in lockdown.
I hate staycation to mean uk holiday. But I accept that words get there meaning from how they are used
I was googling campervans yesterday, Adria Twin. I wasn’t seeing bargains. The new ones seem to have gone up in price which in turn seems to be supporting the price of the used market.
I reckon £100 should get me all three in January.
Or a loaf of bread and a pack of cheese.
OMG, I think some people completely lost the plot in lockdown.
There is a house just down the road from me that is divided into holiday lets. Very ambitious price 10 months ago, sold for 50k over asking. No way it was a viable business at that price. Back on the market already for more money, no takers yet…
I think it is starting, we picked up a spotless robens tipi tent as we needed a bigger one, came with stove and all the extra bits and we paid less than half its new cost.
Can't say i want anything but am sure that a lot of stuff will be on the market at way over what it is worth soon
Indeed. The key part of the word in ‘staycation’ is ‘stay’, i.e. staying at home, and doing holiday type stuff. Going on holiday in Cornwall in the campervan you bought in lockdown, loaded with the SUP, inflatable canoe and border terrier puppy that you also got in lockdown is, in fact, not a staycation, it’s going on holiday.
God yes. If we taxed everyone who used staycation to mean UK holiday £100 every time they said it and gave it to those in poverty we would be out of this mess.
In defence of the OP though, depending on where you live, kayaks/SUPs, hottubs and so on could well be an actual staycation.
Hey, don't shoot the messenger...we can call it Holistay if you prefer!
https://en.wikipedia.org/wiki/Staycation
Lol @ fancy clothes horse.
I'm guessing that's what they're mainly used for if my sister is anything to go by.
She decided to buy one for her and her husband but didn't realise how big they were so it's stuck on the landing. After the initial novelty wore off and her posting photo's on social media about how she'd burned off 100 calories in a "workout" It now sits in the corner as unloved as a lockdown puppy.
I don’t think many people take a a hot tub on holiday, even if staying in the UK
The holiday lets people are the ones most at risk. That’s real money probably paid for with borrowing. Bikes and Kayaks were probably bought out of money that would have gone on a holiday. If you bought a used bike for £1000, road it during covid to keep your life on track, then sell it for £500 it’s hardly a disaster. It’s like a years gym membership
I wonder how the lease car market is / will fair? Can you take a lease back early?
You can but could be seriously out of pocket as the contracts state that there is a minimum payment, in my dad's cars case we could have been on the hook for 12 grand! (22k Corolla Estate) You can auction it via Motorway or one of the other trade sites but that's the only legal way to "sell" outside of returning to the dealers and hoping for the best. But if everyone else is doing it and supply exceeds demand I expect a lot of folk out of pocket.
EDIT: by lease I assume you mean PCP rather than actual leasing which not many folk do.
It's just the way of the world, boom and bust is just something we never learn from, and people buy stuff they never use, or will only use for a limited period, it's no new thing unfortunately, or fortunately if you're trying to buy stuff cheaper.
I've always paid upfront for cars so I dont know - isn't there some sort of insurance product you get with it incase you are unable to pay?
Of course I bet they word that to only apply to loss of income so no good for those who are still earning but spending all their money on heating gas.
Im looking for a Canadian canoe
@RustyNissanPrarie - a bit like cars not being made, part of the canoe issue is a severe shortage of supply, and supply of lighter boats now Royalex is deceased. It's taken a few years to get here, pre pandemic. The number of folk then taking up the sport in pandemic has just been the thick layer of icing.
And boats always were the 'bank of plastic'.
But you're right - there are 20 year old boats up for sale for +£200 over what they were new at present - and people are paying it...
We're just about to sell one of our boats to the neighbors (17' NovaCraft Prospector) and then sell the next one (16' NC Prospector, cracked) in the spring/next year as we're hunting down a new/newer 16' Esquif Prospector in T-Formex...
by lease I assume you mean PCP rather than actual leasing which not many folk do
Probably car finance is something I know close to zero other than some products are closer to a car subscription than a loan that about apay back.
