GA Flying Down 20%

Well most of the LSAs out there only burn 4 to 6 gph of auto gas. Sun n Fun
was jammed full of LSAs this year.


Have a good day and stay out of the trees!
See ya on Sport Aircraft group
http://groups.yahoo.com/group/Sport_Aircraft/





"M" wrote in message
On May 31, 8:29 pm, Jay Honeck wrote:

I wonder if those sales figures from the 1980s included military
aircraft? There used to be lots of military hardware burning avgas
-- not any more...

I don't think the Military had active duty piston engine aircrafts in
the 1980s. It was all GA.


If not? Holy moley...GA really is dead.


If ethanol-compatible mogas burning LSAs don't catch on in the next
few years, then you're right. Piston powered GA doesn't have much
future left. I consider myself the last generation of piston GA
flyers, and I'm putting 200hr a year right now on my mogas burning
Grumman to catch some last epic flying. One day I'll probably hang up
my wings, at least I'll have a thousand or two hours of flying memory
to remember.

"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote:

Mxsmanic wrote:
Additionally, a million dollars really isn't significant these days.
While true it really is funny to se it written by someone who at their
current rate will not earn that much in 200 years.

I believe this is what is called rationalization.

--Sylvain

wrote in message
...
Mxsmanic wrote:
Jay Honeck writes:

While it's not what it once was, a million bucks is enough to live on
quite comfortably for decades.

Decades? I think not. Not when a nice house alone costs more than a
million
dollars, and a mediocre house costs half a million.

Adults can get credit.

$1M house ~ $3K/month


Your math appears to be wrong. A $1,000,000 dollar loan, 30 years, at 7% is
$6700/month. Mybe if you put $500,000 down you can get a $3000/month
payment.
http://www.bankrate.com/gookeyword/m...0&submit.y= 8

Depending on where you live a million dollar home can be nice, or a
fixer-upper.

Tom Conner wrote:

wrote in message
...
Mxsmanic wrote:
Jay Honeck writes:

While it's not what it once was, a million bucks is enough to live on
quite comfortably for decades.

Decades? I think not. Not when a nice house alone costs more than a
million
dollars, and a mediocre house costs half a million.

Adults can get credit.

$1M house ~ $3K/month


Your math appears to be wrong. A $1,000,000 dollar loan, 30 years, at 7% is
$6700/month. Mybe if you put $500,000 down you can get a $3000/month
payment.

I have no idea what the interest rate or term is for that loan is nor
do I care.

I simply went to a couple of mortgage web sites and found offers for
fixed loans for an average of around $3K for a $1M mortgage.

Even if the payment is off it doesn't change the point that if
one were to suddenly receive $1M, one can finance a house and live
for a long time on the original principal before it goes to zero..

--
Jim Pennino

Remove .spam.sux to reply.

While it's not what it once was, a million bucks is enough to live on
quite comfortably for decades.

Where? And at what inflation rate?

Jose
--
There are two kinds of people in the world. Those that just want to
know what button to push, and those that want to know what happens when
they push the button.
for Email, make the obvious change in the address.

Decades? I think not. Not when a nice house alone costs more than a million
dollars, and a mediocre house costs half a million.

A million dollar home in Iowa is bigger than the White House. A half
million dollar home is a castle.

Our four-bedroom, 2.5 car garage, 3 bath ranch is valued at $220K.

I don't know about homes in France, but if your prices are accurate,
it sounds worse than California...
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

While it's not what it once was, a million bucks is enough to live on
quite comfortably for decades.

Where? And at what inflation rate?

$1 million dollars, without so much as putting it in a passbook
savings account, will net you $50K per year for 20 years. That's two
decades.

Invest it even semi-wisely, and you should make it three decades or
more.

I could live quite comfortably on that, without so much as a part-time
job...
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

Jay Honeck wrote:
Decades? I think not. Not when a nice house alone costs more than a million
dollars, and a mediocre house costs half a million.

A million dollar home in Iowa is bigger than the White House. A half
million dollar home is a castle.

Our four-bedroom, 2.5 car garage, 3 bath ranch is valued at $220K.

I don't know about homes in France, but if your prices are accurate,
it sounds worse than California...

House prices in California are on the average higher than most of
the rest of the country, but a nice house in a nice place can be
had for under a half million, just not in places like Malibu or
the Bay Area.

--
Jim Pennino

Remove .spam.sux to reply.

writes:

I have no idea what the interest rate or term is for that loan is nor
do I care.

Then your entire original argument is invalidated.

Even if the payment is off it doesn't change the point that if
one were to suddenly receive $1M, one can finance a house and live
for a long time on the original principal before it goes to zero..

Since you don't know or care about the details, this assertion is pretty much
worthless.

A lot of people think $1 million is a lot of money--often because they don't
know or care about the details. That's one reason why many lottery winners
are right back in the same boat a few years after winning their prizes: they
spend and spend without caring about the details, and before they know it,
that "unlimited" sum of money is gone.

Jay Honeck writes:

A million dollar home in Iowa is bigger than the White House. A half
million dollar home is a castle.

Our four-bedroom, 2.5 car garage, 3 bath ranch is valued at $220K.

I don't know about homes in France, but if your prices are accurate,
it sounds worse than California...

There are a lot more people who want to live in Paris than in Iowa City.