Cost of ownership question

On Thu, 30 Dec 2004 01:38:56 -0800, "Slip'er"
wrote:

All great feedback so far. Keep it coming. I have made a few posts about
my efforts to select a plane. I am definitely caught in analysis paralysis.
I am also caught up with fear of selling my stock when it is doing so well.
I sold 500 shares to buy Christmas presents, two weeks after I sold them
those 500 shares were worth an additional $3500. I know this matters little
in the big scheme, you can't time the market...etc. But I'm still planning
to hold out until the fall and review my plans. Back to the plane.

If you could accurately predict the future value of your stock,
finances would not be an issue... Until you sell it, the stock is
essentially worthless.

I have only flown Citabrias and Decathalons with a little bit of Piper
PA-140 / PA-180 and a PT-23. I love the Citabria/Decathalon but am luke
warm at best about the Archer/172/etc. This bird will be parked outside,
most likely.

In my opinion, parking a plane outside is false economy. You save a
little each month, but pay for it in other ways:
-Increased insurance rates
-Stong winds can damage control surfaces
-Plane will need new paint sooner (sandblasting effect and paint
oxidation)
-Tires wear out sooner
-Plane will continuously need a wash (washing a plane = major time
sink)
-Excessive heat/cold not good for gyros and radios
-Control surfaces are flying 8760hrs a year = worn out hinges and
cables. This is true even if you use a control lock, as the controls
still move a slight amount.
-Worrying every time a storm pulls thru
-It is a hell of a lot easier to conduct routine maintenance in a
hangar.
-A hangar gives you a place to store the massive piles of aviation
related crap that an aircraft owner ends up collecting.

Also, if you live in a cold weather climate, you will pat yourself on
the back when you get preheat and then pull the plane out of a heated
hangar.

Finally, I believe the Citabria's have fabric wings, which is not a
good choice for a permanent outdoor enviroment.

When I really think about it, this wouldn't be such a difficult decision if
I were single. The real pain I feel is that buying a plane feels so
selfish! This is a huge, expensive hobby for ME.
Yes, my kids will enjoy
it but I doubt my wife will fly with me until the kids are out of the house.
My kids have flown with me and enjoy it but truth be told...they'd rather
have a boat (my wife would too). Which clearly means...this is for me.

Flying is a luxury item for most of us, and at a minimum it is costly.
Catch a run of bad luck, and it can be ridiculously expensive. Flying
is one of the most amazing experiences in the world, and can add value
to your family (weekend vacations with the family, in and out business
trips vs. overnight stays) but it can also destroy a marriage if the
costs get out of hand and the family gets (or feels) shortchanged just
so the plane can keep flying. This can also work the other way - if
money is tight, most of us would make the correct decision of spending
the money on the family. However, that may mean an expensive airplane
sitting unused in the hangar, along with the fixed monthly costs of
insurance, hangar, and the eventual annual inspection looming.

If there is a possibility that finances could be tight in the future,
pilots are much better off renting or joining a flying club... That
greatly reduces if not eliminates the risk of having a massive one
time expense, and it also allows a graceful (and no cost) exit if
postponement of flying should be required.

-Nathan