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You would think that $76k would get you a decent radio on a C150... If you refurbish a panel, you might want to take the time to clean the instruments...

When it comes time for confession I need to be at the head of the line. I have so much in the SportHawk that I am ashamed to tell anyone. (But is sure is a nice little airplane even if I do say so myself.) If I could get $76,000 for her I would still be under water.

I have no doubt at all that he has more money in this airplane than he will ever get out of it. However, if this his 12th conversion he should have known going in that there is no way that he can come out.

BTW I see that he has lowered his ?Buy It Now? price to $72,000. Also it looks like that the one bid for $44,000 is just salting the mine; the bidder has a lot of selling transactions but no buying transactions.

Dave,
I don't recall if you were active when this thread was posted or not. It was, should I say, interesting:


Older post of 180hp/150 For Sale [cessna150-152.com]

Bengie

I am sorry, but I need to take exception to this statement. If I understand it correctly, it implies that to have a good airplane, you must have a lot of money into it. This definitely is not the case.

We purchased N5872G in 1999 for $17,000. It came with an engine with 250 hours on the top end, and 10 hours on the bottom. A real loyal and decent looking airplane that only let us down once in the over 600 hours we flew her. And that was only for a bad magneto. We then sold 72G to John. And John is finding 72G to be just as loyal to him as it was for us. He did pay a little more then we did originally. But, still under $20,000. In which he also got an upgraded radio, newly overhauled prop, new tires and VG's.

Enter N999ED. We picked it up for only $22,000. Maybe not the prettiest to look at. It definitely has it's share of bumps and bruises. But, it does have only a few hundred hours on that O-320, is very mechanically sound, and I would trust to fly it any where.

It's like an old kodger that I knew when I was growing up. He had this old rust bucket of a car, with one exception, the hood! It shined like it was layered with glass. Why? Because, to him, that was the only thing he could see when he was driving the car. He didn't care what others thought of it.

So, please allow to each their own. Yes, I admire a pretty airplane. Who doesn't? But, for me personally, I have a practical side. Other then the safety factors, if putting money into an airplane is not going to add anything significantly to it's value, or it's safety, then I am not going to do it. I am not going to waste the money. I personally do not need to have an airplane with a snazzy paint job and a panel full of gadgets just to show off. Mr. Ed will do everything that this 150 will do in which he is asking $76,000 for. And we will more then likely be able to sell it for at least as much as we paid for it. We are content with what we have, (Mostly! ) That is just the way that we are.

If you have the money and want to put more into your airplane then you would ever get out of it. That is fine. Go for it! We will be one of those on the side lines admiring it's beauty. But, for those of us that choose not to spend that type of money on our own personal airplane. An airplane in which I will guarantee is just as good as yours underneath where it counts! Please do not look down your nose at us because we make the choice not to spend a lot of money on snazzy and shine.

Thank you!

Yeah I was active - or at least had read it...What gets me is people look at airplanes differently than anything else when it comes down to pricing... Granted planes hold their value, but bolt on mods and avionics don't appreciate a plane much...

Example: I have a Nissan Pickup, 21K... I put a few performance mods on it - 3K est.

I have driven the nissan 55,000 miles in five years. Put new tires on it twice - 600.00, brakes once 165.00 (Nissan pads), oil changed every 2500 miles...

Sorry guys - it's still only worth about 13K... and that is optimistic... Not the $23,765.00 I have in it... Have I enjoyed it and has it been worth it to me, YES!


It's like buying a Vega and repainting it, doing the interior, adding a good stereo, putting a 350 small block in it, and mag wheels..

This is now a nice VEGA WITH SHINY WHEELS A BIG MOTOR AND NEW SEATS, NOT A PORSCHE! $3K not 60K....

Now for planes - Let's take a 20K airplane, buy it, paint is 6K, Interior 1K, Motor mounts, tires, and the other things that sneak up on us like funky fuel selectors 5K, Then we all want the latest Garmin Panel (right Jeff?) 15K installed maybe more....

Is the plane now worth 47K? Probably not, Maybe 30K if you find someone who wants that exact color combination, avionics, and you haven't flown it to tbo....

Now let's say you are at TBO, so you deciede to do the 150 upgrade, 25K right?

A year later you go to sell it.... Sorry - Not a 72K airplane...

My buddies Tiger was on the market for 2 years before we convinced him the IFR GPS that he paid 10K for installed almost 6 years ago wasn't going to increase the value of the plane to what people were getting for the same plane with 530's and CX80's...

So what is the cost of ownership... I'm going to the meeting Tuesday, I'm going to stand up, and PROUDLY SAY, "Hi, my name is Dave, and I spend WAY TOO MUCH MONEY ON MY PLANE. "

But I LOVE HER...and she takes care of me...and that's why I do it....

Dave

THANK YOU BILL - apparently we were both posting at the same time... Oh and by the way - that plane is an aerobat - there are some things you might not want to try in your plane but could get away with in that one.... But I get what you are saying...

Dave

Uh, Bill, try reading my post a little slower...

My example in my post said that I was committed to spending money on mechanical items, like the fuel valve and gascolater (see BOLD below).

I didn't say that if you had an cosmetically flawed plane you were a loser in life...or as you say, "look down your nose at us...".. I'm a plane enthusiast, you call me a show off...

I uderstand that some don't have or are unwilling to commit even more resources to an already expensive hobby. I've said repeatedly in many posts that this is a hobby to me, so valuation issues are non-existant to me. I'm sure when it's time to say good bye to my plane, someone will get a pretty good deal and have the confidence to know that I did all I could to maintain my plane above minimum standards.

My assumption is that many lower priced planes of any type (especially twins) are more likely to have more deferred maintenence issues. I understand the distressed sale type issues, and I'm not addressing those.

btw, I reject the old saying that "who cares what other think"
It can be important in many ways. that Kodger you reference is a spoof.







Hi Jeff,

Its interesting to hear that I'm not the only one willing to admit having more $$ invested in my plane.

I understand with an unexpected overhaul or engine change, or a new paint job and all the extras that entail, or a new panel or interior, that a $20k C150 can easily have over $40k into it.

I know that plenty of $20k C150s exist for sale, but not in the condition that most want their plane to be in. Even if you are an A&P, your time is worth money, so its not even free labor to yourself.

I'm not defending the subject plane, but I am saying you get what you pay for when buying anything cheap. When I post my final annual bill, it'll show that I was willing to do things an owner who was "buying, flying, and selling" for time building would never do.

For example, I had my fuel selector valve services because it was soo hard to move, that I was concerned that I or someone else would break the valve forcing it to move some day. I also serviced the gascolater, because on draining fuel, I felt that it took too long to close, and could potentially leak in flight causing me to not have the fuel in my tanks I thought it did.
My mindset is different from the "I'll buy it until it needs something and sell it to someone else" That poor C150 might not get the proper servicing it deserves or put someone(s) at un-needed risk of injury.

Okay everyone, looks like were a bit testy around our planes. I'm guessing for all of us, flying is a dream come true,, it is for me,, and then for the lucky few,, we get to fly our own planes,, Be it a fully decked out brand new looking 150, or a 150 that shows a bit of age,, when we embark in flight,, we're all the same regardless of what the plane looks like,, Aviators.

Personnaly, I spend lots of money on my dream,, either in fuel, maintenance, insurance or upgrades. Lets recognize we all have our own reasons for how much we spend on our hobbies, but I bet, regardless of what we spend,, we all own our planes because of our love to flight,,,,

That is a problem with this type of communication. With the detachment from the other person, things can very easily be misunderstood. ;-)



Boy, Fred, it appears that we're just bound and determined to get on each other's nerves! But, just for your information, Ol' Art Wilshaw (sp) was very very real. All 400+ pounds of him. I don't think the tires on the passenger side of that car ever got any wear because they barely touched the road! And oh! Those poor springs on the driver's side.

Oh yes! He was very real indeed!



How true! How so very true!

AMEN MY BROTHER!

DAVE