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Crisis: People Pawn TVs To Buy Motorcycles

12
January
2009
  Posted at 07:04:52 PM
  File under  News
  Author: Mike Werner
  Location: Normandy, France

Pawn Shop Sign
In Australia people are pawning off their TV sets, laptops and furniture in order to buy motorcycles and scooters. Sales of these PTWPowered Two Wheel - motorcyles, scooters, mopeds reached record highs last year, an increase of 3.2%, while the sales of cars, SUVs and trucks dropped 3.6%.

According to Brisbane scooter dealer Joe D'Ercole "The main problem is that people can't get credit to buy a $2500 scooter. People are even selling off household items just to buy one."

"The whole reason Vespa exists is that after World War II there was a credit crisis, mortgage issues and high fuel costs just like today," he said.

So people would rather ride their motorcycle/scooter than watch TV... good on'em.

Via: The Australian



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