GA Flying Down 20%

"Jay Honeck" wrote:

Since 1990, says the Safety Board, GA hours flown each year
have declined, totalling a 20% drop".

Scared me. I thought you'd found out it was down 20% since *last year.*

It does seem that there's an awful lot of used airplanes on the market now.
Anybody know how to find out statistics on this?


--
Dan
? at BFM

"Dan Luke" wrote:
It does seem that there's an awful lot of used airplanes on the market
now. Anybody know how to find out statistics on this?

I have no answer for size of used market, but this web site has links to
trends in the size of new aircraft market:

http://www.gama.aero/home.php

"Jim Logajan" wrote:

It does seem that there's an awful lot of used airplanes on the market
now. Anybody know how to find out statistics on this?

I have no answer for size of used market, but this web site has links to
trends in the size of new aircraft market:

http://www.gama.aero/home.php

It says shipments of new piston aircraft are down nearly 8%. Somewat ominous
in light of the fact that the last time the stock markets were this hot,
airplanes were selling like hotcakes.

--
Dan
? at BFM

Dan Luke wrote:
"Jim Logajan" wrote:

It does seem that there's an awful lot of used airplanes on the
market now. Anybody know how to find out statistics on this?

I have no answer for size of used market, but this web site has
links to trends in the size of new aircraft market:

http://www.gama.aero/home.php

It says shipments of new piston aircraft are down nearly 8%. Somewat
ominous in light of the fact that the last time the stock markets
were this hot, airplanes were selling like hotcakes.

Well that's just the first quarter and who the hell buys an airplane in
winter. But more to point I know a lot of folks that bot fly and could plop
down half a million for a new plane. The funny thing is they never do. They
buy 5 or 6 year old Barons or Bonanzas. My small home airport is the home of
7 jets ranging from Citation 3s to a big ass Falcon. Every other hanger has
a Beechcraft in it. But there is not a single piston aircraft on the field
that was built in this century. Maybe this is because folks around here are
just smarter. The only time a piston plane really looses value is when it
goes from 0 time to 100 hours. After that they hold their value pretty well.

"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...
Dan Luke wrote:
"Jim Logajan" wrote:

It does seem that there's an awful lot of used airplanes on the
market now. Anybody know how to find out statistics on this?

I have no answer for size of used market, but this web site has
links to trends in the size of new aircraft market:

http://www.gama.aero/home.php

It says shipments of new piston aircraft are down nearly 8%. Somewat
ominous in light of the fact that the last time the stock markets
were this hot, airplanes were selling like hotcakes.

Well that's just the first quarter and who the hell buys an airplane in
winter. But more to point I know a lot of folks that bot fly and could
plop down half a million for a new plane. The funny thing is they never
do. They buy 5 or 6 year old Barons or Bonanzas. My small home airport is
the home of 7 jets ranging from Citation 3s to a big ass Falcon. Every
other hanger has a Beechcraft in it. But there is not a single piston
aircraft on the field that was built in this century. Maybe this is
because folks around here are just smarter. The only time a piston plane
really looses value is when it goes from 0 time to 100 hours. After that
they hold their value pretty well.


There is a reason millionaires are millionaires. The ones I know recycle
their aluminum cans for the money and will always stop to pick up a penny.

"Ken Finney" wrote:
There is a reason millionaires are millionaires. The ones I know
recycle their aluminum cans for the money and will always stop to pick
up a penny.

That's pretty much what authors Stanley and Danko found to be rule 1 of 7
rules for accumulating wealth, according to their book "The Millionaire
Next Door":

http://www.amazon.com/Millionaire-Ne.../dp/0671015206

Ken Finney writes:

There is a reason millionaires are millionaires. The ones I know recycle
their aluminum cans for the money and will always stop to pick up a penny.

Additionally, millionaires are no longer rich, so they may have to recycle
their aluminum cans.

Mxsmanic wrote in
:

Ken Finney writes:

There is a reason millionaires are millionaires. The ones I know
recycle their aluminum cans for the money and will always stop to
pick up a penny.

Additionally, millionaires are no longer rich, so they may have to
recycle their aluminum cans.


You're an idiot.

bertei

"Gig 601XL Builder" wrote:

It says shipments of new piston aircraft are down nearly 8%. Somewat
ominous in light of the fact that the last time the stock markets
were this hot, airplanes were selling like hotcakes.

Well that's just the first quarter and who the hell buys an airplane in
winter.

8% more people last year than this year.

On 5/31/2007 4:30:43 PM, "Gig 601XL Builder" wrote:

But more to point I know a lot of folks that bot fly and could plop
down half a million for a new plane. The funny thing is they never do.
They buy 5 or 6 year old Barons or Bonanzas.

From what I know now about aircraft ownership, I would never buy new.

--
Peter