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Yeah, that's what I'm afraid of. What type of budget would you consider a minimum?

Ha, yes I'm within a few miles of DTO! In fact, when I moved to TX 10 years ago, I intentionally looked for a location near an airport just for the off chance I might be able to fly again some day. (heavy sigh)

And yet you've owned three planes. I take it the cost was worth it? What is your current aircraft? Was that $120/hr for the 172 including financing and insurance?

Good points but it is not always (actually probably 'rarely') possible to rent the type of aircraft you want to fly. And you are at the mercy of others as to when you get to fly it.

The irony is that most of the other posts of this type I've read had too little questions to be effective. You offer sage advice, but I will disagree in one context: I'm not trying to get one person to answer based upon an entire industry evaluation. What I'm looking for is individual owners...

PART 2 Old/Cheap vs. New(er)/Expensive Is it better to get an older plane, which are usually cheaper, or a newer plane that is more expensive to purchase, as far as total cost of ownership is concerned? For example, I could find a Piper Cherokee 140 that was built in 1967 for under $20,000...

I know, this appears to be a typical “how much does it cost to own an airplane” posting that you’ve seen here a million times. And I know the typical answer is “it depends,” which is accurate if not helpful. As such, I’ve scoured around the Internet and haven’t found anything too useful. Most...