Is it the (Glasair?) in your profile photo? If so, good taste
Yep. I have been looking at them for years. Life, the Medical, Insurance and Money finally aligned. The Sportsman fits the mission well. I am also happy to report that it has been re-usable after every landing!
Maybe it's like single family homes and private equity. Somebody's decided to corner the market and the market is adjusting. Who knows?
I will frequent and contribute. Have so many that I wanted to post in this thread...
Wow that's quite a jump in N from Nov->Dec... I'll have to check my data and see if I got that kinda spike.
It’s wild. I’m glad I got into aviation when I did. If it took 35-45k to buy an average at best Cessna 150 or Grumman Yankee I’d have never gotten into the hobby. 35-40k for a Cessna 140??? Nah!
That might be the case. Despite prices shooting up within the past few months the inventory seems stagnant. I have seen at least 4 tail numbers for which the previous listings were still available in the depths of the internet. The planes were bought for mid $80s (assuming full asking was paid) and now, a year later, those are listed in high $110s with no appreciable upgrades or maintenance done. C'mon, a used 430 does does not merit a 30k increase in price. Funny fact: some even reuse the previous listing's pictures.
My sanity departed me a long time ago. Judging by the direction of this country, I'm not alone
Make sure to chain the hives down. Left a job in the city and saw this.My sanity departed me a long time ago. Judging by the direction of this country, I'm not alone
But I appreciate the concern. Maybe I'll look into urban beekeeping once I hit 40.
Apparently they are now and I don't get it. Back when I owned several Samurai, you bought them because they were a budget option to a Jeep. They weren't better than a Jeep, just cheaper. Now you can get a coil spring inline 6 TJ in better condition than the nicest Samurai in existence for less. Granted finding a Samurai that hasn't been hacked up or rusted away is way more rare but it's still a crappy little car that has no business costing more than a couple grand haha.
Good point, cost of restoring or rebuilding could be higher than resale value. I am more versed on collector cars, very true in that market.
It is. Ask me how I know. But like many things, there is the intangible value of having the use of the restored or rebuilt airplane in the future.
It's possible but I suspect its due to insurance prices for lower time younger pilots that are financing the planes. Most of the older guys I talk to don't carry insurance anymore and aren't required to since they likely aren't financing.
One pilot on this board explained that since he lost his insurance he lost his hangar as insurance was required as part of his lease. So at least liability I assume.
Well that is true too though I think some insurance companies will write a policy just for not in motion type coverage as well.
I can verify this is being done...I saw an ad for the plane I sold in 2022 and they used some of my pictures, too - plus one new one. Weird...I guess they liked mine and didn't think they could improve on them
For myself complex or even HP are out of the question. Won't be financing a plane, but insurance will be an issue. An older low time pilot in this market makes full coverage insurance prohibitive. More capable aircraft than say a 172 are about the same cost, in some cases lower. Original thinking was only a supply and demand issue, now insurance can be added.
There is still one listed. Is it the "Oakruin Moonupper"?
Yep. The engine drive with built in air compressor on my service truck was 12k when I bought it. Up over 22k now. Sucks. But it's the game ya gotta play.
