Jacob,

Please forgive my bluntness.

The idea that government is the only threat to your "liberties" has got to be one of the shallowest thoughts ever proffered.

Remove the order of law and the social controls of government and you will be, and are, exposed to the absolute loss of liberty. They will squash you like a bug on a windshield.

Jg

Anecdotally, SR22 G2s now seem to be in the 350-400 range and I swear that used to buy you a G1000-equipped G3. No idea what they're actually selling for and I'm going off memory on previous G3 prices.

Anecdotally, SR22 G2s now seem to be in the 350-400 range and I swear that used to buy you a G1000-equipped G3. No idea what they're actually selling for and I'm going off memory on previous G3 prices.

I had no idea that the new SR 22 cost 1.2+ million. For that kind of money, you can get a whole lot more airplane, even brand new. For example, an M350.

New M350 is over 1.4 mm right now, I believe, and there is a wait. Diamond DA62 deliveries are into 2024 and pricing then is expected at something like 1.7, if the rumors I hear are correct. I think the new Cirrus is more like 1.1 mm but that’s a quibble because you can’t get a 2022 now, only 2023 and pricing not yet set for those.

Chip can tell you what 1.2 mm will buy you in jet-world, assuming you can find something worth buying …

It’s all nuts right now.

Cirrus is pushing 2024 for a Turbo at this point..

Candidly, saying it's all nuts right now is like calling water wet. Literally every luxury-good is trading over MSRP now. I turned down 50k over what I paid for a limited-run porsche last week. Just because I have no idea what I'd replace it with. My wife made money on a two-year old bicycle with 25k miles a month ago.

In late 2004, a cousin who lived in Baton Rouge called me for advice. He had several friends in Miami flipping condos and making money. He had garnered some property in Baton Rouge and had a chance to sell it for a good price. He wanted to take that money, move to Miami and start flipping condos.

My advice was simple. Any market that allows flipping with no value added is the crest of a wave, just before it breaks. He agreed and I didn't hear about him again until his brother mentioned months later that Mike had moved to Miami and was flipping condos.

He used his life savings and investment money as down payments to buy every condo he could. Which only proves that the bankers making the loans were no smarter than the borrowers. He didn't sell the first condo before the market crashed. He spent the next two years on a cruise ship as a flower arranger to feed himself.

The rules don't change. They just get misinterpreted in the short run.

Jg

Exactly, not a matter of whether, but only when and how loudly...

https://www.controller.com/listing/for- ... n-aircraft

950k for a C421

The thing is - if you can afford the plane you want and its available, then my view is go ahead and buy it. Enjoy it and don’t worry about the market. Especially if you plan to keep it for several years - just know that you will suffer depreciation (perhaps a lot of it). Or if you have a second or third plane in the hangar, then sell one (or both) and take the money. What I wouldn’t do, necessarily, is sell my only plane to get the money then turn around and find out that I couldn’t really replace it with with anything better for a reasonable price that made sense under whatever budget I was working with.

For some people, waiting for the market to turn is not the best option. Some of us are getting older (in my early 60s, for example), and waiting presents its own set of risks, including developing medical issues that make it difficult to get a 3d class medical or even Basic Med, and also rapidly approaching the magic age of 70+ where insurance becomes very challenging and expensive.

Yes the “water is wet” and the market is nuts. But if you are going to fly, and have the means to purchase and operate the plane you want, then buy it and fly it and don’t look back. Carpe diem. That’s my motto right now. I’ve pulled out the bucket list and am checking items and to heck with the inheritance … lol

Just don’t put in money you can’t afford into this hobby/avocation/addiction …

That looks like a beautiful 421 though. They are asking about double what I would think it to be worth, but hey, if you were buying that new today if it were available it would probably be a $2.5 to 3 million dollar plane.

Honestly, I think there is more to it than that. People are actually actively looking for stuff to buy. Anything.

I mentioned this before, but I have a little BMW Roadster. Nothing special, but it's clean and well kept. Not concours quality, but it wouldn't take much effort to get it that way. I bought it new, but I'm attached to it and will probably keep it forever.

Someone tried to toss money at me in a strip mall parking lot for it while I was carrying my take out pizza. Twice what I thought it was worth. It was the most random event I've had in quite some time.

Best,
Rich

That's what happens when you print trillions of dollars and give it away.

That looks like a beautiful 421 though. They are asking about double what I would think it to be worth, but hey, if you were buying that new today if it were available it would probably be a $2.5 to 3 million dollar plane.

Turbines can only get down to 421C expenses if you fly the turbine 250 hours or more per year. 250+ hours in a Turbine is a lot of money at the end of the year.

For owners who only fly 75 to 100 hours per year the 421C is less expensive in total dollars per year .