If he's had it long enough, it may well be a deal at that price. My Six has
doubled in value since I bought it 9 years ago. That number is not far off
from my "investment". As investments go, the airplane has performed quite a
bit better than my market holdings, and I've been able to use it too!

Jim wrote:

I know of one elderly gentleman who has an old Piper Colt for sale. He has
kept records of every dime he has spent on his plane, has receipts and full
documentation. He has the idea that he should recover all "investments"
other than fuel, including every nut, bolt, and hairpin that he's had to
replace on his airplane, and has priced it accordingly.

I wish him luck.
--
Jim Burns III

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--
--Ray Andraka, P.E.
President, the Andraka Consulting Group, Inc.
401/884-7930 Fax 401/884-7950
email
http://www.andraka.com

"They that give up essential liberty to obtain a little
temporary safety deserve neither liberty nor safety."
-Benjamin Franklin, 1759