If we compare a 152 to a 150, the 152 has a better engine (Lycoming) and
slightly better performance. However, the 150 has cheaper parts cost and a
lower purchase price giving a lower TCO. I find 152's overpriced at the
best of times and usually in worse shape than the 150's. Advantage, 150.

I priced some 150s on aerotrader and you're sure as heck right. As a
matter of fact I think right now a 150 might be my best bet.


Other under-valued planes to look at would be the Grumman AA1, Beech
Musketeer (parts are expensive but rarely needed), Piper Tri-Pacer or Colt
(fabric so hangar recommended), Cherokee (even a two seater), or even a low
time Tomahawk (bad rep by people who've never flown them). Good examples of
all of these can be found for under 25K.

My advise would be to sit back, let this one go, leave the nest (FBO), and
check the classifieds. Not just the web based ones either. A lot of
aviation is still run by old timers that have no interest in computers at
all, so you'd be missing a large portion of possible deals. So when you go
for that next $100 hamburger, ask around about what's for sale.