My Cardinal was on the borderline...Now I have a $80K investment in an airplane that would be worth about $70-75K, so I decided to sell it.
This is ultimately what I don't understand. Jeff, who would buy the aircraft from you as the "market" would come to the same conclusion that you came to?
For 150's - why would someone pay $22,000 for an engine with 400 before TBO when they'll likely have to invest $10,000 in a couple years only to have the plane be worth $25,000???
Should the plane not be priced at $25,000 minus $7700 = $17200 (The $7700 is the required investment to bring it to 0 SMOH. Formula being $10,000 divided by 1800 hours is $5.50 per hour. With 400 hours left...1400 hours times $5.50 of "value" has been lost.)
