Stopped the other day at the airport just to kill a little time. When they asked when was I going to buy a 150, I replied that I was still looking. I mentioned this forum and about putting $10-$15K into a $15,000 plane. I think this guy summed it up pretty well. He asked me what a New P/U truck would cost,I replied,$25K-$35K. Then he asked how much would that P/U be worth in 10 years? May be $5K-8K. He said if you put money into a plane you probably will never make money but if you have $30K stuck into a C150 chances are that 10 years from now you should still be able to get $20K for it! He also said that if people kept that close of an eye on any hobby that they did , no one would ever buy a boat or spend $2500 on a hunting trip or buy a snowmobile because of the loss of money. As he put it, it is your hobby, your money don't be foolish with it and make a smart decision, but you do not owe anyone an explaination on how you enjoy yourself. I guess I am running out of excuses not to buy one!
Come On Lottery!!!
