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If you frequent this site enough, you’ll know that I like to flip bikes for fun. I really don’t make money on it, just enough to cover my next flip and take the wife out for a few drinks. But recently my flips are far and few and in between. Let’s go back about 2 weeks, keep in mind, I usually sell my bikes within the first few days of listing it.
This time I had a total of 3 bikes to sell. One of them I picked up at a local thrift store in which I reconditioned the stuck shifters. I paid $30 for it and I listed it at $100. My last bike I sold that was very similar to this model, was gone within a few hours. After 3 weeks of trying to sell this bike by posting multiple listings…nothing. I did sell one of my other bikes, but that took 2 weeks. The last bike I have, the lady never showed up and never returned my emails…flake.
So I sit there wondering, does the economy have an impact on used bikes as well? I also have a feeling that new bike sales will be hurting since more people will have less disposable income to spend on a bicycle. Or it could do the total opposite and have a different effect. Our economic down turn could wake up people and invest in a bicycle to use for daily errands. What sucks too is that gas prices have crept up again…but don’t get me started on that!