Anyone want to talk me out of...

[Jon Kraus]

buying my first airplane? Better hurry because Monday we have the
prebuy inspection to go thru. If that goes well then probably by the end
of next week I'll be an airplane owner (co-owner actually). I have
really gotten a lot out of this and the Mooney owners news and email
groups. It appears that we have found a clean '79 M20J for a decent
price. I am paying more then I originally bugeted but welcome to
aviation right? I figure that I would take the plunge in a plane that I
can use for a while with out feeling like I need to upgrade right away.
I have a feeling that that is what would happen if I would have bought a
152 or Warrior. The Mooney can hold 4 people and cruise at 150 knots on
10 gph. I think that will satify me for a while anyway. Anyone have
any regrets about airplane ownership they care to share?

Jon Kraus
PP-ASEL-IA
Student Mooney purchaser

[Jay Honeck]

> buying my first airplane?

Ha!

Asking that here is like asking a bunch of crack addicts what they think
about drug abuse...

;-)

Go for it!
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

[Dave]

Heh...heh...heh...heh....

Dave



On Sun, 26 Sep 2004 01:19:15 GMT, "Jay Honeck"
> wrote:

>> buying my first airplane?
>
>Ha!
>
>Asking that here is like asking a bunch of crack addicts what they think
>about drug abuse...
>
>;-)
>
>Go for it!

[Louis L. Perley III]

"Jon Kraus" > wrote in message
...
> buying my first airplane? Better hurry because Monday we have the
> prebuy inspection to go thru. If that goes well then probably by the end
> of next week I'll be an airplane owner (co-owner actually). I have
> really gotten a lot out of this and the Mooney owners news and email
> groups. It appears that we have found a clean '79 M20J for a decent
> price. I am paying more then I originally bugeted but welcome to
> aviation right? I figure that I would take the plunge in a plane that I
> can use for a while with out feeling like I need to upgrade right away.
> I have a feeling that that is what would happen if I would have bought a
> 152 or Warrior. The Mooney can hold 4 people and cruise at 150 knots on
> 10 gph. I think that will satify me for a while anyway. Anyone have
> any regrets about airplane ownership they care to share?
>
> Jon Kraus
> PP-ASEL-IA
> Student Mooney purchaser
>

Jump right in, and if you can, participate in the prebuy (take the day off
if you have to, or call in sick <it wouldn't be lying, as aviation can
properly be termed an illness, although it's a healthy kind of illness>),
you'll learn alot and your mechanic can point out many things to look out
for that will come in handy as an owner. Mooney's make a pretty decent
instrument platform as well from what I hear. Regardless of what kind of
plane you buy, be it a Cessna 152 or a King Air, by this time next year
you'll be thinking about getting something a bit more. This is just human
nature I guess. If it fits your normal mission profile, great! Just don't be
one of those people who buys a plane and then never makes the time to fly
it.. This probably won't be much of a problem since it'll be co-owned. I
hope you know your co-owner real well and have a pretty solid agreement in
place between the two of you. I can speak from experiance that if it's not
laid out in detail, it can fall apart pretty quickly, this would be my only
caution. I've had 1/2 of an aircraft that's ended up sitting on the ground
for two+ years because my co-owners refuse to get things done, and when I
said to heck with it and offered to pay to get it annualed out of my own
pocket, they refused, and since the ownership is 50/50 I'm powerless to do
anything about it (shops on the field won't touch it because they don't want
to get in the middle of the situation, which is understandable). Only
recently, when they've decided to move from the area have they been willing
to let me buy out their half of the airplane. Hopefully we'll get that taken
care of this week and it will no longer be an issue.


--
Louis L. Perley III
N46000 | N370 (half owner)

[Jim Weir]

As Ron Natalie and several of us have noted...

If it flies, floats, or fornicates, it is FAR cheaper to rent.


WELCOME to the ranks...

Jim



Jon Kraus >
shared these priceless pearls of wisdom:

->buying my first airplane?


Jim Weir (A&P/IA, CFI, & other good alphabet soup)
VP Eng RST Pres. Cyberchapter EAA Tech. Counselor
http://www.rst-engr.com

[Dan Luke]

> Anyone want to talk me out of buying my first airplane?

Heck no! Why shouldn't you postpone your retirement like the rest of
us?

I don't really know how much I've spent on my airplane (I might faint if
I did) but I do know it's given me more enjoyment than any other "toy"
I've ever owned.

Go for it!
--
Dan
C172RG at BFM

[Rutger]

There is a story about going to your bank, getting a crisp new $100
bill from you account and walking out to the parking lot and burning
it and if that doesn't bother you....

Since you're buying a Mooney, let's alter the story a wee bit:

1) go to your bank and withdraw FIVE crisp new $100 bills from your
account
2) walk out to the parking lot and set them alight with a cigarette
lighter
3) hold them until they burn down to the tiniest unrecognizable corner
of paper
4) continue holding them until they scorch you fingertips and go out.
5) if you can do that and walk away with a smile, and ready to do it
again, then you're ready to buy an airplane, especially a Mooney.


Dave > wrote in message >...
> Heh...heh...heh...heh....
>
> Dave
>
>
>
> On Sun, 26 Sep 2004 01:19:15 GMT, "Jay Honeck"
> > wrote:
>
> >> buying my first airplane?
> >
> >Ha!
> >
> >Asking that here is like asking a bunch of crack addicts what they think
> >about drug abuse...
> >
> >;-)
> >
> >Go for it!

[Montblack]

("Rutger" wrote)
> Since you're buying a Mooney, let's alter the story a wee bit:
>
> 1) go to your bank and withdraw FIVE crisp new $100 bills from your
> account
> 2) walk out to the parking lot and set them alight with a cigarette
> lighter
> 3) hold them until they burn down to the tiniest unrecognizable corner
> of paper
> 4) continue holding them until they scorch you fingertips and go out.
> 5) if you can do that and walk away with a smile, and ready to do it
> again, then you're ready to buy an airplane, especially a Mooney.


Wouldn't this story work better if a beautiful naked woman is holding your
burning money out in the parking lot.

Another $100 for the naked lady.


Montblack
I'm looking at a project plane myself - first $100 bill is still in my
pocket.

[Jon Kraus]

So are you saying that a Mooney is more expensive to maintain then any
other complex aircraft? I would think that it would be less than a
Cessna retractable gear (because of the gear complexity) or a Beechcraft
retract. Then again I'm just guessing.. Thanks!!

Jon Kraus
PP-ASEL-IA
Student Mooney purchaser

Rutger wrote:
> There is a story about going to your bank, getting a crisp new $100
> bill from you account and walking out to the parking lot and burning
> it and if that doesn't bother you....
>
> Since you're buying a Mooney, let's alter the story a wee bit:
>
> 1) go to your bank and withdraw FIVE crisp new $100 bills from your
> account
> 2) walk out to the parking lot and set them alight with a cigarette
> lighter
> 3) hold them until they burn down to the tiniest unrecognizable corner
> of paper
> 4) continue holding them until they scorch you fingertips and go out.
> 5) if you can do that and walk away with a smile, and ready to do it
> again, then you're ready to buy an airplane, especially a Mooney.
>
>
> Dave > wrote in message >...
>
>>Heh...heh...heh...heh....
>>
>> Dave
>>
>>
>>
>>On Sun, 26 Sep 2004 01:19:15 GMT, "Jay Honeck"
> wrote:
>>
>>
>>>>buying my first airplane?
>>>
>>>Ha!
>>>
>>>Asking that here is like asking a bunch of crack addicts what they think
>>>about drug abuse...
>>>
>>>;-)
>>>
>>>Go for it!

[Jon Kraus]

Thanks Jim!! I must say that i am looking forward to ****ing my money
away on an airplane....

Jon Kraus
PP-ASEL-IA
Student Money purchaser

Jim Weir wrote:

> As Ron Natalie and several of us have noted...
>
> If it flies, floats, or fornicates, it is FAR cheaper to rent.
>
>
> WELCOME to the ranks...
>
> Jim
>
>
>
> Jon Kraus >
> shared these priceless pearls of wisdom:
>
> ->buying my first airplane?
>
>
> Jim Weir (A&P/IA, CFI, & other good alphabet soup)
> VP Eng RST Pres. Cyberchapter EAA Tech. Counselor
> http://www.rst-engr.com

[Jon Kraus]

I think that I'll do like my CFI said when I first started messing with
airplanes. He said just "take all of your receipts and put them in a
box and DON'T look at them!!" Doing the "head in the sand" thing works
out good for airplanes.

Jon Kraus
PP-ASEL-IA
Student Mooney purchaser

Dan Luke wrote:

>>Anyone want to talk me out of buying my first airplane?
>
>
> Heck no! Why shouldn't you postpone your retirement like the rest of
> us?
>
> I don't really know how much I've spent on my airplane (I might faint if
> I did) but I do know it's given me more enjoyment than any other "toy"
> I've ever owned.
>
> Go for it!

[Jon Kraus]

I am definitely going to be watching all of the pre-buy. I love messing
with mechanical things!! As for partnerships go.. I found a guy in my
flying club that has way more money than me and not as much time. I
thought that this would suit me perfectly. :-) Time will tell I guess...

Jon Kraus
PP-ASEL-IA
Student Mooney purchaser


Louis L. Perley III wrote:

> "Jon Kraus" > wrote in message
> ...
>
>>buying my first airplane? Better hurry because Monday we have the
>>prebuy inspection to go thru. If that goes well then probably by the end
>>of next week I'll be an airplane owner (co-owner actually). I have
>>really gotten a lot out of this and the Mooney owners news and email
>>groups. It appears that we have found a clean '79 M20J for a decent
>>price. I am paying more then I originally bugeted but welcome to
>>aviation right? I figure that I would take the plunge in a plane that I
>>can use for a while with out feeling like I need to upgrade right away.
>>I have a feeling that that is what would happen if I would have bought a
>>152 or Warrior. The Mooney can hold 4 people and cruise at 150 knots on
>>10 gph. I think that will satify me for a while anyway. Anyone have
>>any regrets about airplane ownership they care to share?
>>
>>Jon Kraus
>>PP-ASEL-IA
>>Student Mooney purchaser
>>
>
>
> Jump right in, and if you can, participate in the prebuy (take the day off
> if you have to, or call in sick <it wouldn't be lying, as aviation can
> properly be termed an illness, although it's a healthy kind of illness>),
> you'll learn alot and your mechanic can point out many things to look out
> for that will come in handy as an owner. Mooney's make a pretty decent
> instrument platform as well from what I hear. Regardless of what kind of
> plane you buy, be it a Cessna 152 or a King Air, by this time next year
> you'll be thinking about getting something a bit more. This is just human
> nature I guess. If it fits your normal mission profile, great! Just don't be
> one of those people who buys a plane and then never makes the time to fly
> it.. This probably won't be much of a problem since it'll be co-owned. I
> hope you know your co-owner real well and have a pretty solid agreement in
> place between the two of you. I can speak from experiance that if it's not
> laid out in detail, it can fall apart pretty quickly, this would be my only
> caution. I've had 1/2 of an aircraft that's ended up sitting on the ground
> for two+ years because my co-owners refuse to get things done, and when I
> said to heck with it and offered to pay to get it annualed out of my own
> pocket, they refused, and since the ownership is 50/50 I'm powerless to do
> anything about it (shops on the field won't touch it because they don't want
> to get in the middle of the situation, which is understandable). Only
> recently, when they've decided to move from the area have they been willing
> to let me buy out their half of the airplane. Hopefully we'll get that taken
> care of this week and it will no longer be an issue.
>
>

[Jon Kraus]

Jay,

As usual you are right on the mark... I don't really relate to the crack
addicts but if crack smelled like 100ll than maybe I would.. :-)

Jon Kraus
PP0ASEL-IA
Student-IA

Jay Honeck wrote:

>>buying my first airplane?
>
>
> Ha!
>
> Asking that here is like asking a bunch of crack addicts what they think
> about drug abuse...
>
> ;-)
>
> Go for it!

[Ben Jackson]

In article >,
Jon Kraus > wrote:
>So are you saying that a Mooney is more expensive to maintain then any
>other complex aircraft?

So are you saying a random $500 expense would be unexpected for any
complex aircraft?

The Mooney actually has a relatively simple gear system. It's everything
else that's hard to get to. The plane is basically built around some of
the torque tubes. Avionics access it from a panel outside the plane which
is tricky to re-seal.

--
Ben Jackson
>
http://www.ben.com/

[Robert A. Barker]

"Jon Kraus" > wrote in message
...
> I think that I'll do like my CFI said when I first started messing with
> airplanes. He said just "take all of your receipts and put them in a
> box and DON'T look at them!!" Doing the "head in the sand" thing works
> out good for airplanes.
>
> Jon Kraus
> PP-ASEL-IA
> Student Mooney purchaser
>
Jon: That's good advice!!!!!! I can't speak for a
Mooney,but My little 150 holds it's own in that department. I had occasion
to look up the total cost for
the last 12 months and I am trying to forget the number so I will not
mention it here. :-)

P.S. I wouldn't trade a minute of ownership for all the
tea in China. Go for it!!!!

Bob Barker N8749S

[C Kingsbury]

"Ben Jackson" > wrote in message
news:t9F5d.373592$8_6.19934@attbi_s04...
> In article >,
> Jon Kraus > wrote:
> >So are you saying that a Mooney is more expensive to maintain then any
> >other complex aircraft?
>
> So are you saying a random $500 expense would be unexpected for any
> complex aircraft?

The 172 I own 1/5th of just went to the shop for a look-see at a few things.
Oil change, new ignition lead, and a carburetor adjustment followed. Exit
$725, stage left.

I'll have to be making a lot of money before you catch me owning a complex
airplane on my own.

Best,
-cwk.

[Aaron Coolidge]

Ben Jackson > wrote:
: the torque tubes. Avionics access it from a panel outside the plane which
: is tricky to re-seal.

Since the M20J/K this is no longer the case.
--
Aaron Coolidge

[Aaron Coolidge]

Montblack > wrote:
: Montblack
: I'm looking at a project plane myself - first $100 bill is still in my
: pocket.
Hey Montblack, you're back! BTW, you weild a mean grill...
--
Aaron Coolidge

[Doug]

Well, it's mostly about money money money. A Mooney like that will
probably run about $50 an hour to run (25 for gas, 10-15 for
maintenance, 10 for reserve plus hangar and insurance), not counting
cost of purchase. If you have the money, and a partner who will pay
his bills, sure go ahead. I hope you are aware that airplanes are
going for less than their appraised value right now its a buyers
market. Lets hope its up from here. 10-20% off asking book is not
unusual, though the most important thing is to get a plane that will
do for few years as is. That means it has the avionics you will be
happy with. Make sure you sit in those back seats, they are small.

I used an escrow service to hold the deposit (though I have heard that
AOPA has discontinued theirs). Make sure you find a reputable one. Be
careful where you register it as there are sales tax issues (Delaware
corps etc but they are a bit of hassle). Some cities have sales tax. I
recommend collecting the engine reserve in the planes checking acct as
then you have some cushion. You might consider getting a plane credit
card and paying it off out of the planes checking acct. That way you
don't have to hassle gas tank issues, just charge by the hour. An LLC
for ownership is the way to go, though it does cost some money unless
you can copy someone elses paperwork. When you sell, just sell the LLC
etc. But lots just take ownership in their name. YMMV on that on that
one. A second on the home is much better interest rate wise and tax
wise than financing the plane and using the plane as collateral.

Be picky about the engine compression test and oil usage as these are
signs of engine wear. Find a good mechanic if you can. Annuals don't
have to cost that much if you do the work yourself.

Good luck!
Jon Kraus > wrote in message >...
> buying my first airplane? Better hurry because Monday we have the
> prebuy inspection to go thru. If that goes well then probably by the end
> of next week I'll be an airplane owner (co-owner actually). I have
> really gotten a lot out of this and the Mooney owners news and email
> groups. It appears that we have found a clean '79 M20J for a decent
> price. I am paying more then I originally bugeted but welcome to
> aviation right? I figure that I would take the plunge in a plane that I
> can use for a while with out feeling like I need to upgrade right away.
> I have a feeling that that is what would happen if I would have bought a
> 152 or Warrior. The Mooney can hold 4 people and cruise at 150 knots on
> 10 gph. I think that will satify me for a while anyway. Anyone have
> any regrets about airplane ownership they care to share?
>
> Jon Kraus
> PP-ASEL-IA
> Student Mooney purchaser

[Montblack]

("Aaron Coolidge" wrote)
> Hey Montblack, you're back! BTW, you weild a mean grill...
> --
> Aaron Coolidge

Hey Aaron,

It's been since December of last year. Very weird having no internet at home
for 10 months.

That library lurking gets old in a hurry.

Grills. I just hauled the goofy things, it was Joey and Ron who were the
mean grillmasters <g>.

We did see Jim depart one morning, his *monster* grill being towed behind
that cursed van of his. Luckily, my trani held up for the return trip to the
Twin Cities. My water pump and O2 sensor, however, did not fare so well post
OSH 2004.


Montblack

[Ken Reed]

>> There is a story about going to your bank, getting a crisp new $100
>> bill from you account and walking out to the parking lot and burning
>> it and if that doesn't bother you....
>>
>> Since you're buying a Mooney, let's alter the story a wee bit:
>>
>> 1) go to your bank and withdraw FIVE crisp new $100 bills from your
>> account

> So are you saying that a Mooney is more expensive to maintain then any
> other complex aircraft? I would think that it would be less than a
> Cessna retractable gear (because of the gear complexity) or a Beechcraft
> retract.

Manual gear Mooneys are very inexpensive to maintain (personal & Mooney
list experience). Electric gear Mooneys are more, but not near as much
as something like a Bonanza.
---
KR

[Jay Honeck]

> We did see Jim depart one morning, his *monster* grill being towed behind
> that cursed van of his. Luckily, my trani held up for the return trip to
the
> Twin Cities. My water pump and O2 sensor, however, did not fare so well
post
> OSH 2004.

That van gave its all for our *burp* high cholesterol...

It IS good to have you back. It's hard to keep Martin in line all by
myself!

;-)
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

[G.R. Patterson III]

Jon Kraus wrote:
>
> buying my first airplane?

Well, I won't -- misery loves company. :-)

George Patterson
If a man gets into a fight 3,000 miles away from home, he *had* to have
been looking for it.

[Jack Allison]

Jay Honeck wrote:

> That van gave its all for our *burp* high cholesterol...
Not to mention that we barely made it under max gross weight for the
return trip!
>
> It IS good to have you back.
Ditto...the humor level just went back up a notch.

--
Jack Allison
PP-ASEL, IA Student

"When once you have tasted flight, you will forever walk the Earth
with your eyes turned skyward, for there you have been, and there
you will always long to return"
- Leonardo Da Vinci

(Remove the obvious from address to reply via e-mail)

[Jack Allison]

Hi My name is Jack and I'm an aviation addict...could I possibly
convince you that my addiction is much safer and cheaper than crack?


--
Jack Allison
PP-ASEL, IA Student

"When once you have tasted flight, you will forever walk the Earth
with your eyes turned skyward, for there you have been, and there
you will always long to return"
- Leonardo Da Vinci

(Remove the obvious from address to reply via e-mail)

[Jack Allison]

Denial...ya, it's that river in Egypt...I thought everyone knew that :-)

Jon Kraus wrote:

--
Jack Allison
PP-ASEL, IA Student

"When once you have tasted flight, you will forever walk the Earth
with your eyes turned skyward, for there you have been, and there
you will always long to return"
- Leonardo Da Vinci

(Remove the obvious from address to reply via e-mail)

[Jack Allison]

Jon Kraus wrote:

> buying my first airplane?
Heck no! Besides, we need some fresh meat around here when it's time
for your first annual :-)

Hope all goes well Jon. Some day, I'll be in your shoes. I look
forward to copying your sig. line re: student aircraft purchaser.


--
Jack Allison
PP-ASEL, IA Student

"When once you have tasted flight, you will forever walk the Earth
with your eyes turned skyward, for there you have been, and there
you will always long to return"
- Leonardo Da Vinci

(Remove the obvious from address to reply via e-mail)

[Jon Kraus]

Thanks George... I knew I could count on you for support!! :-)

Jon Kraus
PP-ASEL-IA
Student Mooney purchaser

G.R. Patterson III wrote:
>
> Jon Kraus wrote:
>
>>buying my first airplane?
>
>
> Well, I won't -- misery loves company. :-)
>
> George Patterson
> If a man gets into a fight 3,000 miles away from home, he *had* to have
> been looking for it.

[Jon Kraus]

Ahhh... rationalization.... the hallmark of a true addict... :-)

Jon Kraus
PP-ASEL-IA
Student Mooney purchaser

Jack Allison wrote:

> Hi My name is Jack and I'm an aviation addict...could I possibly
> convince you that my addiction is much safer and cheaper than crack?
>
>

[Michael]

Jack Allison > wrote
> Hi My name is Jack and I'm an aviation addict...could I possibly
> convince you that my addiction is much safer and cheaper than crack?

No. Because it isn't.

Michael

[Dave Butler]

> Avionics access it from a panel outside the plane which
> is tricky to re-seal.

True for earlier models, not on the M20J.

[Roy Page]

Just could not stay out of this one.
A partner and I bought a 1977 Piper Archer in June from a private source in
California.
Negotiated $52,000 which reflected low hours airframe, high time engine and
original avionic stack and some minor pre-buy issues.
We reckoned on spending $5,000 to fix the pre-buy squawks and assumed that a
paint job was needed as it looked faded and very dull.
Flew it home to Ohio, what a trip that was !
The squawks are now all fixed well within the $5,000 budget and after a
couple of days of hard graft with a cyclo buffer and a lot of elbow grease
we a really have a great looking plane that does not need painting.
We have put 50 hours on it so far and we reckon we had a good deal.

Go for it Jon, the best think I have done this decade !!

Roy Page
Beloit OH 44609

"Jack Allison" > wrote in message
...
>
>
> Jon Kraus wrote:
>
>> buying my first airplane?
> Heck no! Besides, we need some fresh meat around here when it's time for
> your first annual :-)
>
> Hope all goes well Jon. Some day, I'll be in your shoes. I look forward
> to copying your sig. line re: student aircraft purchaser.
>
>
> --
> Jack Allison
> PP-ASEL, IA Student
>
> "When once you have tasted flight, you will forever walk the Earth
> with your eyes turned skyward, for there you have been, and there
> you will always long to return"
> - Leonardo Da Vinci
>
> (Remove the obvious from address to reply via e-mail)

[Jon Kraus]

Thanks Roy... We just got back from the pre-buy. Only about $300.00
worth of squawks adn the owner is going to take care of them. Gave him
the down payment and should take delivery maybe by the end of the week.

Jon Kraus
PP-ASEL-IA
Student Mooney purchaser

Roy Page wrote:
> Just could not stay out of this one.
> A partner and I bought a 1977 Piper Archer in June from a private source in
> California.
> Negotiated $52,000 which reflected low hours airframe, high time engine and
> original avionic stack and some minor pre-buy issues.
> We reckoned on spending $5,000 to fix the pre-buy squawks and assumed that a
> paint job was needed as it looked faded and very dull.
> Flew it home to Ohio, what a trip that was !
> The squawks are now all fixed well within the $5,000 budget and after a
> couple of days of hard graft with a cyclo buffer and a lot of elbow grease
> we a really have a great looking plane that does not need painting.
> We have put 50 hours on it so far and we reckon we had a good deal.
>
> Go for it Jon, the best think I have done this decade !!
>
> Roy Page
> Beloit OH 44609
>
> "Jack Allison" > wrote in message
> ...
>
>>
>>Jon Kraus wrote:
>>
>>
>>>buying my first airplane?
>>
>>Heck no! Besides, we need some fresh meat around here when it's time for
>>your first annual :-)
>>
>>Hope all goes well Jon. Some day, I'll be in your shoes. I look forward
>>to copying your sig. line re: student aircraft purchaser.
>>
>>
>>--
>>Jack Allison
>>PP-ASEL, IA Student
>>
>>"When once you have tasted flight, you will forever walk the Earth
>>with your eyes turned skyward, for there you have been, and there
>>you will always long to return"
>> - Leonardo Da Vinci
>>
>>(Remove the obvious from address to reply via e-mail)
>
>
>

[Jay Honeck]

> Thanks Roy... We just got back from the pre-buy. Only about $300.00
> worth of squawks adn the owner is going to take care of them. Gave him
> the down payment and should take delivery maybe by the end of the week.

Ooooo, boy, the hands are really starting to sweat now...

Respiration and blood pressure are up, too.... hand writing is
illegible...easily distracted at work...time seems to drag...the sky is
perfect VFR...

Yep, you've got "The Fever"!

;-)
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

[NYJim]

The bottom is starting to fall out of aircraft prices. Exactly like it did
in the 80s. The forecast is up to a 50% drop in value over the next
couple years. Fuel prices are getting ready to double, provided
it's still available. Anything that won't burn auto gas isn't going to fly.



"Jon Kraus" > wrote in message
...
> buying my first airplane? Better hurry because Monday we have the prebuy
> inspection to go thru. If that goes well then probably by the end of next
> week I'll be an airplane owner (co-owner actually). I have really gotten
> a lot out of this and the Mooney owners news and email groups. It appears
> that we have found a clean '79 M20J for a decent price. I am paying more
> then I originally bugeted but welcome to aviation right? I figure that I
> would take the plunge in a plane that I can use for a while with out
> feeling like I need to upgrade right away. I have a feeling that that is
> what would happen if I would have bought a 152 or Warrior. The Mooney can
> hold 4 people and cruise at 150 knots on 10 gph. I think that will satify
> me for a while anyway. Anyone have any regrets about airplane ownership
> they care to share?
>
> Jon Kraus
> PP-ASEL-IA
> Student Mooney purchaser
>

[Jon Kraus]

Amazing..... it's like your a fly on the wall observing everything I am
experiencing... :-)

Jon Kraus
PP-ASEL-IA
Student Mooney owner

Jay Honeck wrote:
>>Thanks Roy... We just got back from the pre-buy. Only about $300.00
>>worth of squawks adn the owner is going to take care of them. Gave him
>>the down payment and should take delivery maybe by the end of the week.
>
>
> Ooooo, boy, the hands are really starting to sweat now...
>
> Respiration and blood pressure are up, too.... hand writing is
> illegible...easily distracted at work...time seems to drag...the sky is
> perfect VFR...
>
> Yep, you've got "The Fever"!
>
> ;-)

[G.R. Patterson III]

Jon Kraus wrote:
>
> Amazing..... it's like your a fly on the wall observing everything I am
> experiencing... :-)

Look over your left shoulder. See that speck about 7 feet up? That's Jay.

George Patterson
If a man gets into a fight 3,000 miles away from home, he *had* to have
been looking for it.

[Attila Hooper]

"NYJim" > wrote in news:eed6d.1673353$ic1.169999
@news.easynews.com:

> The forecast is up to a 50% drop in value over the next
> couple year

Excellent ! Sr22's for under $100K

[Jon Kraus]

Funny I thought that the market was starting to come back some... Are
you sure you're not just a Democrat fear monger? :-)

Jon Kraus
PP-ASEL-IA
Student Mooney owner

NYJim wrote:
> The bottom is starting to fall out of aircraft prices. Exactly like it did
> in the 80s. The forecast is up to a 50% drop in value over the next
> couple years. Fuel prices are getting ready to double, provided
> it's still available. Anything that won't burn auto gas isn't going to fly.
>
>
>
> "Jon Kraus" > wrote in message
> ...
>
>>buying my first airplane? Better hurry because Monday we have the prebuy
>>inspection to go thru. If that goes well then probably by the end of next
>>week I'll be an airplane owner (co-owner actually). I have really gotten
>>a lot out of this and the Mooney owners news and email groups. It appears
>>that we have found a clean '79 M20J for a decent price. I am paying more
>>then I originally bugeted but welcome to aviation right? I figure that I
>>would take the plunge in a plane that I can use for a while with out
>>feeling like I need to upgrade right away. I have a feeling that that is
>>what would happen if I would have bought a 152 or Warrior. The Mooney can
>>hold 4 people and cruise at 150 knots on 10 gph. I think that will satify
>>me for a while anyway. Anyone have any regrets about airplane ownership
>>they care to share?
>>
>>Jon Kraus
>>PP-ASEL-IA
>>Student Mooney purchaser
>>
>
>
>

[G.R. Patterson III]

Jon Kraus wrote:
>
> Funny I thought that the market was starting to come back some... Are
> you sure you're not just a Democrat fear monger? :-)

No, he's a broker and hoping to scare people into selling out cheap.

George Patterson
If a man gets into a fight 3,000 miles away from home, he *had* to have
been looking for it.

[Jon Kraus]

I thought so...

Jon Kraus
PP-ASEL-IA
Student Mooney owner

G.R. Patterson III wrote:
>
> Jon Kraus wrote:
>
>>Funny I thought that the market was starting to come back some... Are
>>you sure you're not just a Democrat fear monger? :-)
>
>
> No, he's a broker and hoping to scare people into selling out cheap.
>
> George Patterson
> If a man gets into a fight 3,000 miles away from home, he *had* to have
> been looking for it.

[NYJim]

They let Democrats fly?


"Jon Kraus" > wrote in message
...
>I thought so...
>
> Jon Kraus
> PP-ASEL-IA
> Student Mooney owner
>
> G.R. Patterson III wrote:
>>
>> Jon Kraus wrote:
>>
>>>Funny I thought that the market was starting to come back some... Are
>>>you sure you're not just a Democrat fear monger? :-)
>>
>>
>> No, he's a broker and hoping to scare people into selling out cheap.
>>
>> George Patterson
>> If a man gets into a fight 3,000 miles away from home, he *had* to
>> have
>> been looking for it.
>

[Jay Honeck]

> Look over your left shoulder. See that speck about 7 feet up? That's Jay.

See Jon's new plane in the Rogue's Gallery!

http://alexisparkinn.com/rogue's_gallery_i_-_p.htm

(Scroll down to the "K"s...)

NICE plane!
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

[Jon Kraus]

Thanks Jay for posting it so quick. It looks great!!!

Jon Kraus
PP-ASEL-IA
Student Mooney owner

Jay Honeck wrote:
>>Look over your left shoulder. See that speck about 7 feet up? That's Jay.
>
>
> See Jon's new plane in the Rogue's Gallery!
>
> http://alexisparkinn.com/rogue's_gallery_i_-_p.htm
>
> (Scroll down to the "K"s...)
>
> NICE plane!

[xyzzy]

Admit it, you only bought a plane so you could make the Rogue's Gallery.

Jon Kraus wrote:

> Thanks Jay for posting it so quick. It looks great!!!
>
> Jon Kraus
> PP-ASEL-IA
> Student Mooney owner
>
> Jay Honeck wrote:
>
>>> Look over your left shoulder. See that speck about 7 feet up? That's
>>> Jay.
>>
>>
>>
>> See Jon's new plane in the Rogue's Gallery!
>>
>> http://alexisparkinn.com/rogue's_gallery_i_-_p.htm
>>
>> (Scroll down to the "K"s...)
>>
>> NICE plane!
>
>

[Jon Kraus]

Actually when coming up with a Pro's and Con's list for whether or not
to buy an airplane, the "getting your pic on the Rogue's Gallery" was on
the Pro's side for sure!!

Jon Kraus
PP-ASEL-IA
Student Mooney purchaser

xyzzy wrote:
> Admit it, you only bought a plane so you could make the Rogue's Gallery.
>
> Jon Kraus wrote:
>
>> Thanks Jay for posting it so quick. It looks great!!!
>>
>> Jon Kraus
>> PP-ASEL-IA
>> Student Mooney owner
>>
>> Jay Honeck wrote:
>>
>>>> Look over your left shoulder. See that speck about 7 feet up? That's
>>>> Jay.
>>>
>>>
>>>
>>>
>>> See Jon's new plane in the Rogue's Gallery!
>>>
>>> http://alexisparkinn.com/rogue's_gallery_i_-_p.htm
>>>
>>> (Scroll down to the "K"s...)
>>>
>>> NICE plane!
>>
>>
>>
>

[Jack Allison]

Ah ha!!! Another one lured into insane acts by Jay's sig. line. :-)

Jon Kraus wrote:


--
Jack Allison
PP-ASEL, IA Student

"When once you have tasted flight, you will forever walk the Earth
with your eyes turned skyward, for there you have been, and there
you will always long to return"
- Leonardo Da Vinci

(Remove the obvious from address to reply via e-mail)