| | Joined: Jun 2005 Posts: 490 Member/250+posts | | Member/250+posts Joined: Jun 2005 Posts: 490 | Is it me or does it seem that the 150/152 market is a buyers market. I mean there will always be a high demand for clean birds but overall I see a lot of the planes today that were for sale 4 months ago... | | | | | Joined: Jan 2004 Posts: 13,969 Member/10,000+ posts! | | Member/10,000+ posts! Joined: Jan 2004 Posts: 13,969 | Is it me or does it seem that the 150/152 market is a buyers market. Buyers market! No doubt! | | | | | Joined: Jan 2004 Posts: 18,962 Likes: 3 Member/15,000 posts | | Member/15,000 posts Joined: Jan 2004 Posts: 18,962 Likes: 3 | It's strange, though!
The planes I don't expect to sell quickly (based on info in the ads) often do, and the lower priced birds sometimes sit for months, with apparently nothing wrong with them. While I wouldn't bid on a plane in a sight unseen auction, they often have plenty of bidders and sell above what I would consider market value (again, based on the ad)! Many incomplete "project" birds have sold quickly, while excellent airworthy aircraft with high time engines that "might" need an overhaul (with that fact adequately reflected in the low price), also may sit for months before sale.
It appears that many buyers think high price means high value. How naive can you get? I don't have money to burn. I can't even light the pilot light!
It is a buyers market, no doubt, but why are so many buyers so uninformed? | | | | | Joined: Jan 2006 Posts: 3,657 Member/2500+posts | | Member/2500+posts Joined: Jan 2006 Posts: 3,657 | I hope you guys are right that therea are a lot of good planes out there. I'm still looking for the first bird. And yes, I am staying away from the e-Bay specials.  None of them are close to me, and I want to be able to look them over (and kick the tires  ) before I go and spend any money on them. I'm going to see a '65 for $16,000 this weekend. We'll see what that one is like.
Pat
Never run out of altitude, airspeed, and ideas at the same time.
| | | | | Joined: Jan 2004 Posts: 4,968 Member/2500+posts | | Member/2500+posts Joined: Jan 2004 Posts: 4,968 | I am not sure what it is. I have been watching some birds that I am interested in. In some cases they have been for sale at the same price for six months yet sellers are not softening up on the price.
So...my conclusion is that right now it is an Stubborn Sellers market. Most of these folks don't have to sell their bird...they should...they need to...but do not have to. So they sit for a year hoping to get their asking price when they could have dropped a grand or two and got it sold.
The problem is recognition of opportunity costs rarely go into aircraft sales decisions. Airplanes are as personal as guitars. Sometimes the reality of "market value" is greatly overwhelmed by either the thought of a loss or just sentiment.
I have sold two airplanes. Came out relatively even on one, and lost a bit on the other. But when I factor in the hours I flew and the cost of another annual, some other surprise maintenence and such, the grand or two I lost was minimal.
The problem with not recognizing minimal losses today, is that when a person really is forced to sell, their losses have the potential to greatly increase. | | | | | Joined: Oct 2005 Posts: 269 Member/250+posts | | Member/250+posts Joined: Oct 2005 Posts: 269 | I'm not sure if its a buyers or seller market. I know I have been searching for the right plane for several months now and have not bought one.
I do have to admit, I probably passed up at least 1 plane that was probably a good deal, due to the distance it was from me. But I will be patient, I'm sure the right one will come along soon or later.
Dale - Arizona | | | | | Joined: Jan 2004 Posts: 18,962 Likes: 3 Member/15,000 posts | | Member/15,000 posts Joined: Jan 2004 Posts: 18,962 Likes: 3 | Finding the right plane does require patience ......... lots of it!
Jeff Hersom and I both lost patience, and got real lucky with good planes! We could just as easily have both been burned. If not in buying the wrong planes, at least in spending for the airline tickets. I flew mine home to Florida from New York, and Jeff flew his home to Florida from Ohio. It was the longest cross country at that time for both of us.
I think we both enjoyed our adventures emensely, and are now better prepared to find the right plane (with less risk) the next time. | | | | | Joined: Jan 2004 Posts: 18,962 Likes: 3 Member/15,000 posts | | Member/15,000 posts Joined: Jan 2004 Posts: 18,962 Likes: 3 | Says something about the fear northerners have with buying a Florida bird! What's the problem? They all came from the north anyway! | | | | | Joined: Jan 2006 Posts: 3,657 Member/2500+posts | | Member/2500+posts Joined: Jan 2006 Posts: 3,657 | One thing about buying a southern plane for this northern boy. Up here in Minnisnowta we have this little thing called winter. Now, I know that other states have it as well, and a few are just as cold. But a desirable feature is the Tannis heater. It warms the oil and the cylender heads, and keeps the engine nice and toasty. It great for those days when it is less that 20 degrees F. Some of the planes up here might even have some baffles that restrict air flow so that the engine doesn't get too cold when flying in 5 degree F weather. Those are definitely nice features on a plane. But if I have to add them, well, then I'll see what I can do to get them added. Pat
Pat
Never run out of altitude, airspeed, and ideas at the same time.
| | | | | Joined: Feb 2006 Posts: 451 Member/250+posts | | Member/250+posts Joined: Feb 2006 Posts: 451 | Frank,
The 2 I'm looking at have been for sale since October.
Given the number built, there are a lot for sale.
Chris
Chris N3413V
(KVAY)
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