Funny I thought that the market was starting to come back some... Are
you sure you're not just a Democrat fear monger? :-)

Jon Kraus
PP-ASEL-IA
Student Mooney owner

NYJim wrote:
The bottom is starting to fall out of aircraft prices. Exactly like it did
in the 80s. The forecast is up to a 50% drop in value over the next
couple years. Fuel prices are getting ready to double, provided
it's still available. Anything that won't burn auto gas isn't going to fly.



"Jon Kraus" wrote in message
...

buying my first airplane? Better hurry because Monday we have the prebuy
inspection to go thru. If that goes well then probably by the end of next
week I'll be an airplane owner (co-owner actually). I have really gotten
a lot out of this and the Mooney owners news and email groups. It appears
that we have found a clean '79 M20J for a decent price. I am paying more
then I originally bugeted but welcome to aviation right? I figure that I
would take the plunge in a plane that I can use for a while with out
feeling like I need to upgrade right away. I have a feeling that that is
what would happen if I would have bought a 152 or Warrior. The Mooney can
hold 4 people and cruise at 150 knots on 10 gph. I think that will satify
me for a while anyway. Anyone have any regrets about airplane ownership
they care to share?

Jon Kraus
PP-ASEL-IA
Student Mooney purchaser