Old 06-15-21, 08:46 PM
  #12  
SkinGriz
Live not by lies.
 
Join Date: Nov 2020
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Bikes: BigBox bikes.

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Originally Posted by CheGiantForLife
Had to buy a used part and install it myself. Makes me realize how screwed up the bike shop business has become, especially combined with the fuggled economics of the TechLand area. All of the good mechanics I knew have quit and moved somewhere else, because it's simply too expensive to live here on the $15-20/hr a bike mechanic makes. Even a top mechanic with 20 years' experience probably doesn't make more than $25/hr, otherwise the economics of the shop don't work. You can't live on that when the median home sale price is $1 million.

Now, shops are mostly staffed with high school or college age kids who live with their parents and only know how to assemble new bikes, and have no exposure to older parts or how to work on anything that the shop doesn't sell. It's more like a car dealership service department model, except that bikes don't have warranties, so they do little follow-up work on complex problems.

The last good mechanic I knew owned his own franchised mobile bike shop business, called Velofix. He sold it and took a job at Boeing. I learned this from the replacement Velofix guy, whom I had to call because the rear wheel on my road bike was out of true. I don't have a truing stand to deal with that, so a mechanic had to do it for me.

I've been thinking about this seeming paradox lately: when the cost of living in an area goes up dramatically, the quality of life goes down, even for the people most able to afford it. I wonder if an economist has done a more rigorous analysis of this effect, but it's something I've observed in several places. TechLand is just the most extreme case.

The bike shop example is one. Lots of bike shops have closed, because they can't afford the rent anymore. The ones that survive focus only on selling the most popular brands in large volume (want a Specialized? There are about 30 shops around here that all sell the same Spesh bikes. Want a BMC? There are two shops, and one recently downsized to a space half as big as they previously had.) Landlord is going to rent to whoever can pay the most, and that usually means a corporate brand like a Walgreens rather than a private small business.

Do you actually want references to economic papers or books on land value?
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