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Debt Ridden Farmers splurge on premium bikes

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  • Debt Ridden Farmers splurge on premium bikes

    Source: Times of India (Page 13, Monday April 20th 2009)

    Web: Debt-ridden Vidarbha splurges on bikes

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  • #2
    Great topic
    This is not the case with farmers only from Bhandara.
    It has happened almost everywhere in India including Chhattisgarh, Punjab.
    One known farmer came to my friend cause he had no money inspite of having sold his land for almost 50lakhs. He had bought a Corolla and an Optra within a day and also a Karizma. He sold his Karizma(3 mopnths) to my friend for Rs 42000 and my friend sold it the same evening for Rs 55000.
    Never upgrade without getting your basics RIGHT.

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    • #3
      Originally posted by jasmeetsinghchawla View Post
      Great topic
      He sold his Karizma(3 mopnths) to my friend for Rs 42000 and my friend sold it the same evening for Rs 55000.
      I wish i could do such a thing. But i get too emotionally attached with my non-living acquisitions.
      10 Commandments:
      1)Thank thy God for being alive.
      2)Thou shalt respect one's own life and the live's of other road users.
      3)Thou shalt respect one's own bike.
      4)Love thy bike as thy self.
      5)Always wear safety gear.
      6)Alcohol is a strict NO!
      7)Thou may lust after thy neighbour's bike specially if its of the R1 kind!
      8)Thou shalt ride with 'ultra-most' care and caution when on Indian roads.
      9)Thou shalt never leave the engine running at long traffic halts.
      10)Thou shalt follow all of the above.

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      • #4
        main reason: lack of education and future planning! simple and straight answer!
        Speak Less,Speak Wise!

        Sarcasm is my automatic response to stupidity.

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        • #5
          Originally posted by 46wannabe View Post
          I wish i could do such a thing. But i get too emotionally attached with my non-living acquisitions.
          me too
          Be what you are, not what you want others to perceive you to be.

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          • #6
            surroundings of Hyderabad, especially those near to Shamshabad and Maheshwaram had many many such stories... Yeah, the real estate boom & bust!

            in short, now two situations explain this:

            most banks are banging their heads what to do with teh cars they have seized due to non payment of loans... of course, another headache is to locate cars for which payment is not being made...

            There are a lot of used card in the second hand market... of those who bought them with cash

            Most of them are Innova's & Octavia's.

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            • #7
              same thing over here
              people who did not even have a scooter now own bmw 7 series
              in the international airport site in mohali
              Chrome rims and bling ? get a real life !

              http://www.facebook.com/GTR33

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