Co-ownership is kinda like marriage without the honeymoon.
It's better if you go in without being friends first. It's easier to lay down the ground rules if you're not afraid to hurt anyone's feelings.
I was offered a 1/3 share in a 172 for $13,000. But like Tracey I didn't want to share and paid $18,000 for my 150. In retrospect I might've been better off with the 172 - the other two partners only fly 20 hours a year in total. I would've had my own plane for 1/3 the price.
However, I have no regrets about the 150 and I would've missed out on this great club if I didn't own one.
-Kirk Wennerstrom President, Cessna 150-152 Fly-In Foundation 1976 Cessna Cardinal RG N7556V Hangar D1, Bridgeport, CT KBDR
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