USA Today .. Positive GA Pub

Mxsmanic wrote in
:

That's still $200,000. For most people, it might as well be
$200,000,000.

Certainly for people who earn $100/wk tutoring that's true.

In 2004 the median US Income was reported as $43,389. Certainly someone
earning $43,389 might have trouble paying for a $200,000 loan for a Cessna
172SP, unless he planned to make it into a 30 year mortgage.

However, he would probably be able to afford the loan on a used model 172
that he bought through www.aso.com for $34,500 - the lowest priced 172
currently listed there. With $4,500 down, the monthly payment for a 7 year
loan on the balance would be about $450/month.

I know several people who earn about that and pay more for their car...