denverpilot
Tied Down
Spend a few minutes perusing the ads in Controller or Trade-a-Plane Nate. There's not a comparable high performance single of equivalent vintage, equipment, condition and time that doesn't sell for a significant premium over a comparable twin. Its not even a close contest.
Comparable Bonanza A36s, an airplane less capable than my Aztec, typically command a 50% or greater premium over what I paid (I originally set out to look for an A36).
Light twin prices collapsed during the high oil price period of the financial crisis (remember $150 per bbl oil in mid-2008?) and have never really recovered. The safety reputation (which you, among others here, seem to take particular delight in reminding us), the maintenance burden, the extra fuel costs, the insurance premiums all conspire to keep the prices of these planes depressed. And if you are willing to turn a wrench you can buy a lot of fuel for the difference.
I haven’t seen 50% when the maintenance is kept up as well on both. I’ve seen a good chunk but again, it wasn’t avionics or features. Most singles will never have FIKI for example, so that’s not an apples to apples comparison.
And for the record I don’t take any “delight” in reminding anyone anything about twins. I just have to teach it. People get themselves into trouble in twins due to some misconceptions about them.
Many also keep themselves OUT of trouble by owning twins too, and those folks know the limitations and fly them accordingly.
But the actuaries know the real numbers and light twin Insurance is insane. So insane it’s even forced changes to the FARs that FAA didn’t want, but really couldn’t argue with (the “acting PIC” garbage for “solo” flights) because nobody would be able to meet the minimum flight requirements for the certificate.
I’d happily go fly twins all day if I had one.
No light training twins around here are sitting parked long enough for any grass to grow under them with the myth of the “pilot shortage” in the media and being repeated by those who need cheap pilots, and lots of hopefuls training right now. They were all parked and doing nearly nothing during the fuel pricing jump you mentioned.
If I had coastal travel needs out of here, I’d be shopping for an Aerostar. But when I say “needs” I mean that there would have to be business income from that travel which would more than pay for it. I wouldn’t wipe out a nest egg for retirement for it, and that’s the real problem with higher performance light twins today — the airlines, as crappy as they are, are about ten times cheaper.
Add in that most employers either inadvertently or actively ban personal aircraft for travel, and it’s just a bad situation for anyone other than the business owner to utilize a nice twin. Or even some singles for that matter.
Multiple people here who work for companies that make the damned airplanes say their employers ban their use for company travel. An industry that won’t eat its own dog food.