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What percentage of your yearly income do you currently own in bikes?
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Trying to convince the wife I'm not totally crazy, just curious what percentage of your income is the total of the bikes in your house.
Last edited by: duganator99: Feb 10, 21 15:37
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Re: What percentage of your yearly income do you currently own in bikes? [duganator99] [ In reply to ]
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Do you mean the sum of all the current bikes/equipment in the house? Or my yearly spending allowance on bikes?
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Re: What percentage of your yearly income do you currently own in bikes? [duganator99] [ In reply to ]
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Your wording has changed between the topic and the question in the thread.

If you are asking what is the replacement cost of the stable (ie, all bikes owned, as a % of yearly income), then I would be sitting around 33%

If you are asking how much gets spent on bikes a year in the household, then that works out to be around 5% of my yearly income (A bit more if you include her bikes, but I am not including her income in these calculations)
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Re: What percentage of your yearly income do you currently own in bikes? [JStirfry] [ In reply to ]
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JStirfry wrote:
Do you mean the sum of all the current bikes/equipment in the house? Or my yearly spending allowance on bikes?
Sum of all, I realized I worded that second part poorly
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Re: What percentage of your yearly income do you currently own in bikes? [duganator99] [ In reply to ]
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Gotcha.

Sum of all bikes/wheels sits around 60% to 70%.

Notes:
  • We have 5 people in family and each has multiple bikes (although I am main driver of the obsession)
  • Bikes collected and kept since 2006 (start of addiction)
  • This is based on my salary (gross) only
  • My car is worth less than my bike

*Edit*: You just need to convince your wife to get on the crazy train as I did.
Last edited by: JStirfry: Feb 10, 21 16:07
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Re: What percentage of your yearly income do you currently own in bikes? [JStirfry] [ In reply to ]
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1.3%
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Re: What percentage of your yearly income do you currently own in bikes? [duganator99] [ In reply to ]
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Replacement cost of bikes I have with me on a months long work trip, 20%.
Replacement cost of all bikes/wheels I own 60%.
N+1.
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Re: What percentage of your yearly income do you currently own in bikes? [duganator99] [ In reply to ]
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duganator99 wrote:
Trying to convince the wife I'm not totally crazy, just curious what percentage of your income is the total of the bikes in your house.

Net income ? Or gross ?
Ie before or after tax, company pension payments (that are taken at source) etc.
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Re: What percentage of your yearly income do you currently own in bikes? [duganator99] [ In reply to ]
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replacement cost ~3%
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Re: What percentage of your yearly income do you currently own in bikes? [duganator99] [ In reply to ]
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Most of mine are getting old so wouldn't be worth much now, and even the replacement cost for equivalent new bikes would only be around 2.5 to 4% depending on if my business has a good year or not.
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Re: What percentage of your yearly income do you currently own in bikes? [duganator99] [ In reply to ]
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If I'm being generous about the current value of my 2 circa 2009-10 bikes AND including the prices of 2 Favero Assioma powertap pedals AND my wheels, it works out to 0.6%. And even lower than that in reality as I'm not even including my working wife's income. And I still think my Cervelo P2c was a friggin' expensive bike when I bought it!

And FWIW, i think that's a terrible metric, as bikes cost a lot up front, but if you ride them for a long time the cost of the purchase averages out over time. STill, no denying that bike upkeep and repair can be quite expensive!

When I first bought that Cervelo P2c and was making a LOT less money, it was a good 8% of my annual PREtax income. It really hurt the wallet back then!

Replacement cost if I had to totally replace my bikes with new current-gen TT and road bike, about 2-3% of annual, like Madtri posted above.

To my credit, I've kept my triathlon expenses really stable despite making a lot more money in the intervening years. Sounds good in principle, but even I admit it looks completely stupid in terms of being a needless cheapskate at the current moment. Still, no superbike for me - I'm realistic where the fun is to be had, and the superbike isn't it!

You don't even wanna ask how much my wife's ballroom dance coaching costs....
Last edited by: lightheir: Feb 10, 21 16:45
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Re: What percentage of your yearly income do you currently own in bikes? [duganator99] [ In reply to ]
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Purchase price of 7 bikes (3 mine, 2 wife's, and 1 per kid) divided by gross income = around 0.5%.

She was the last to get a new one.....soooooo sounds like I'm totally due for a $4k gravel bike.
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Re: What percentage of your yearly income do you currently own in bikes? [DV8R] [ In reply to ]
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DV8R wrote:
Purchase price of 7 bikes (3 mine, 2 wife's, and 1 per kid) divided by gross income = around 0.5%.

She was the last to get a new one.....soooooo sounds like I'm totally due for a $4k gravel bike.


If you make over 1M a year you should be allowed to buy a 4k gravel bike whenever you feel like it ;)
Last edited by: JStirfry: Feb 10, 21 16:58
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Re: What percentage of your yearly income do you currently own in bikes? [JStirfry] [ In reply to ]
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JStirfry wrote:
DV8R wrote:
Purchase price of 7 bikes (3 mine, 2 wife's, and 1 per kid) divided by gross income = around 0.5%.

She was the last to get a new one.....soooooo sounds like I'm totally due for a $4k gravel bike.


If you make over 1M a year you should be allowed to buy a 4k gravel bike whenever you feel like it ;)

I was off by a factor of 10. It comes to about 5%, lol oops
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Re: What percentage of your yearly income do you currently own in bikes? [DV8R] [ In reply to ]
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My comment still stands; get the gravel bike ;)
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Re: What percentage of your yearly income do you currently own in bikes? [duganator99] [ In reply to ]
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Somewhere between 40% and 50%, if you're talking about full retail/replacement value. However, I work in the industry, so most of what I have was either free or well below cost...

"I'm thinking of a number between 1 and 10, and I don't know why!"
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Re: What percentage of your yearly income do you currently own in bikes? [duganator99] [ In reply to ]
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Original purchase price would be right around 10% but my most expensive bikes are 5+ years old. Current value would be less than 5%

I'm not counting my wife's ebike but I'm not counting her income either.
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Re: What percentage of your yearly income do you currently own in bikes? [duganator99] [ In reply to ]
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If I were to put my 2 bikes on Craigslist, 1.5%. If I were to purchase the equivalent brand new version of my old bikes ... 3.5%.


__________________________________________________________________________
My marathon PR is "under three, high twos. I had a two hour and fifty-something."
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Re: What percentage of your yearly income do you currently own in bikes? [duganator99] [ In reply to ]
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about 30,000X

I've been unemployed for the past 14 months and I still have 8 bikes, including an OPEN, three Cervelo's and a custom steel and carbon fiber Serotta. I actually bought the newest Cervelo while I have been unemployed (too good of a deal to pass up, early 2020 before the COVID, when you could actually still get bikes and at a discount).

So tell your wife you are being totally reasonable;)
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Re: What percentage of your yearly income do you currently own in bikes? [duganator99] [ In reply to ]
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What a horrible question

When I added up new purchase price of all my bikes it’s about 13%

TT, road, gravel, mountain ... dont feel thaaaaat unreasonable ;)
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Re: What percentage of your yearly income do you currently own in bikes? [tri_yoda] [ In reply to ]
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Right at 5%
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Re: What percentage of your yearly income do you currently own in bikes? [duganator99] [ In reply to ]
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Not including family, speaking strictly to my bikes and wheels: 1.4%

I'm a very budget triathlete though. Private school tuition is a mf-er.
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Re: What percentage of your yearly income do you currently own in bikes? [duganator99] [ In reply to ]
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MSRP, what I actually paid, or replacement cost? (I'm not one to buy new...)

And do I include honey's bike I bought for her? (THAT was a helluva deal!)

And should wheels and powermeters be added in?

Bikes only: 6.8% [What I paid] 19.67% [MSRP]
+Honey's: 8.8% [What I paid] 31.2% [MSRP]
+wheels & PM: 10.4% [What I paid] 33.2% [MSRP]

...And looking to buy another... You need more bikes...
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Re: What percentage of your yearly income do you currently own in bikes? [duganator99] [ In reply to ]
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Replacement cost of my stable including wheels and trainer would be roughly 20% of my salary or 11% of our household income.

That's price to replace all items in new condition at current market rates. I paid quite a bit less than that by finding a few killer deals, but I've spent quite a bit on consumables over the years.

ETA: At one point I had a spreadsheet of all the money I spent and included how many hours I spent on each bike so I could see cost/hour ridden. Most bikes were around the $7.50-$10 mark.
Last edited by: bearlyfinish: Feb 10, 21 20:44
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Re: What percentage of your yearly income do you currently own in bikes? [DV8R] [ In reply to ]
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DV8R wrote:
Purchase price of 7 bikes (3 mine, 2 wife's, and 1 per kid) divided by gross income = around 0.5%.

She was the last to get a new one.....soooooo sounds like I'm totally due for a $4k gravel bike.

7 bikes at 4k each is 0.5% of yearly salary... backdoor brag much!?
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