Possible: 1/5th share C-172 based at BED

NW-

The $10k price reflects a $50k hull value, which is what VRef said it's
worth with the same numbers I posted here. Cursory examination of TAP, ASO,
etc. suggests this is a fair number. If it seems high, keep in mind it's a
low-time airframe and has never seen a rental fleet.

With 5 owners, even a major overhaul won't cost 1 person much more than
$3000, and then you've got a 3000 hour 1979 Skyhawk with a 0-time engine,
which is hardly a risky place to be. This ownership has held together for 22
years and I have no question it will major this airplane and hang on to it.
You hate it being a 5-owner plane on July 4th weekend, but when the annual
comes due you're really happy about it!

As for the $150 a month and sitting outside, well, what do you want, it's 15
miles from downtown Boston. The effective $50/hour wet rate is a great deal
when you consider that 100LL is now $4.30ish there and a beat-up rental 172
goes for $90/hr. And I can't quantify it (though I'll happily share the
usage log so you can see for yourself) but whoever owns my share can
reasonably expect at least 2/5 of usage, more if they fly between October
and April.

Anyway, it's all moot as it looks like I'll be able to scare up enough money
to hang with this a while longer. That being said if someone were to make me
an offer that was less and still based on reality, I would certainly
consider it.

Best,
-cwk.

"NW_PILOT" wrote in message
...
Humm.... sharing a near run out/runout 172 with 5 people that sit's
outside?
It sounds like there is way to much risk in getting stuck paying more than
your fair share with an up coming engine OH. Now if the share price
reflected engine time, an overhaul prorate & a 6 in exterior condition
price it maybe worth it. but I don't think you will find many takers at
$10,000 + $150 a month.