BeechTalk - BT - Aircraft inventory levels are critically low.

Username Protected · **Posted:** 30 Jan 2022, 10:14

Username Protected wrote:

You know what they say about Midland; “It’s not that bad”.

Username Protected · **Posted:** 30 Jan 2022, 10:20

Username Protected wrote:

You know what they say about Midland; “It’s not that bad”.

You just made me realize Midland deserves its own thread!

viewtopic.php?f=5&t=204519

Username Protected · **Posted:** 30 Jan 2022, 12:57

Username Protected wrote:

I regularly deal with a fair number of very wealthy people. I got a call from one of them today who just wanted to check in and say hi. My experience is like Jerry’s - the very wealthy are easier to deal with than those who want to be. And Mike is absolutely correct about the “wannabe’s “.

Then you have the "uber rich", like in the multi billions. Not the folks who got lucky with a startup, or perhaps a son/daughter that built a family business into something huge, but generational wealth on its 5th or 6th generation.

Most are very, very nice people, but utterly detached from society outside their bubble. The value of money is an intangible, nebulous concept to most of them, and $10, 100, 1000 or 10,000 is essentially the same.

Best,
Rich

Username Protected · **Posted:** 30 Jan 2022, 13:52

Username Protected wrote:

…nebulous concept to most of them, and $10, 100, 1000 or 10,000 is essentially the same.

Best,
Rich

More like $1k, $10k, $100k all the same

One million seconds is about 11.5 days
One billion seconds is about 31.7 years

The scale is hard to understand

Username Protected · **Posted:** 30 Jan 2022, 14:13

Username Protected wrote:

…nebulous concept to most of them, and $10, 100, 1000 or 10,000 is essentially the same.

Best,
Rich

More like $1k, $10k, $100k all the same

One million seconds is about 11.5 days
One billion seconds is about 31.7 years

The scale is hard to understand

Username Protected · **Posted:** 30 Jan 2022, 16:38

My experience dealing with very wealthy folks has generally been as mentioned above. Easy going and good to be around. That calm probably comes in part from knowing the ups and downs of the world won’t really impact them, financially at least. Some of the edgiest and most “frugal” I know are members of the well off. Some of that probably comes from exactly what the wealthy don’t have to concern themselves with.

Username Protected · **Posted:** 30 Jan 2022, 17:08

Well, I just want to re-assure the BT group that if I hit the mega-ball for a really substantial amount of money, I'll make sure I don't succumb to sudden wealth syndrome (google it). I'll use my newfound funds to not only certify an RV replacement, but to start a business remanufacturing Muskateers & Skippers, just for the fun of it.

Best,
Rich

Username Protected · **Posted:** 30 Jan 2022, 18:49

Username Protected wrote:

Well, I just want to re-assure the BT group that if I hit the mega-ball for a really substantial amount of money, I'll make sure I don't succumb to sudden wealth syndrome (google it). I'll use my newfound funds to not only certify an RV replacement, but to start a business remanufacturing Muskateers & Skippers, just for the fun of it.

Best,
Rich

I love it!
You'll make a small fortune!

Username Protected · **Posted:** 31 Jan 2022, 00:43

Username Protected wrote:

Really Rich <$100M in assets (new TP/mini-jet or used jet territory)

I have a used jet.

I am very, very far from $100M.

But the jet will help me get it.

The jet isn't the result of having $100M, it is the aid to get it.

Mike C.

Username Protected · **Posted:** 31 Jan 2022, 01:08

Rich’s matrix allows for a used jet in the $30M up to $100M bracket. I think it’s pretty accurate/reasonable.

Username Protected · **Posted:** 31 Jan 2022, 02:37

Username Protected wrote:

I have a real problem with our current group of rich politicians who try to demonize wealth, and our society in general that has a them and us attitude. Wealthy people are generally the nicest, most decent, hard working, generous folks I’ve ever met. In most cases they have what they have because they earned it and deserve it.

I think people like heroes, and they like to aspire to things. It is also true that at some point the concentration of wealth becomes destructive to the economy, and politicians (the smart ones, anyways) focus on that rather than creating sides. That said, it’s hard to have a platform that requires knowing what GDP growth and monetary policy, etc. are, and the other reasons so maybe that’s what it ends up looking like.

Username Protected · **Posted:** 31 Jan 2022, 08:37

Username Protected wrote:

Rich’s matrix allows for a used jet in the $30M up to $100M bracket. I think it’s pretty accurate/reasonable.

I could see someone in the $5M range owning a used jet.

Username Protected · **Posted:** 31 Jan 2022, 09:35

Username Protected wrote:

Rich’s matrix allows for a used jet in the $30M up to $100M bracket. I think it’s pretty accurate/reasonable.

I could see someone in the $5M range owning a used jet.

Username Protected · **Posted:** 31 Jan 2022, 09:54

I took my boys, then about ten and twelve, to Sun n' Fun one year for several days. Time and again, they would see an airplane that interested them and ask, "Dad, can we afford one of these?" My standard answer seemed to be, we could buy it, but we couldn't afford it. :thumbup:

I could "buy" a new Vision Jet. I certainly cannot afford it. :sad:

Jg

Username Protected · **Posted:** 31 Jan 2022, 10:31

Username Protected wrote:

Really Well off < $10M in assets (nice 421, Navajo or timed out TBM)
Rich < $30M in assets (nice turboprop)
Really Rich <$100M in assets (new TP/mini-jet or used jet territory)
Super Rich <$200M in assets (new jet territory)

I think the most interesting part of this matrix is that the carry of these four bands is essentially the same (or at least within one deviation).