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Owning more expensive than renting
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December 18th 04, 11:23 PM
G.R. Patterson III
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wrote:
If we
sold the plane for fair market value and put the proceeds in a safe
investment paying 6% interest, the (lost) income would work out to about $28
per flight hour, which would put the total cost very much in line with
renting.
Safe investments (like bonds) these days are bringing in about 1.5%, and have
been for nearly two years. 2001 was the last year you could count on something
like 6% from one of those accounts.
George Patterson
The desire for safety stands against every great and noble enterprise.
G.R. Patterson III