Crisis: People Pawn TVs To Buy Motorcycles |
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File under News
Author: Mike Werner
Location: Normandy, France
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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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