Kobra wrote:
Hangar tenents,

Hypothetical situation: You're in a hangar. There are no more hangars for
100 miles. There is a waiting list for a hangar just as long. There are
plenty of tie-downs for a poultry 70.00 per month. Just out of curiosity
... what would be the magic price of hangar rent that would make you say,
"THAT'S IT!! I'M OUTTA HERE!! YOU CAN HAVE THE HANGAR...GIVE ME A FRICKIN'
TIE-DOWN."

Kobra



data point: 06C, Schaumburg (IL). 8 miles west of O'Hare, 1.7NM west of
my house.

Our tie-downs are $80/mo. The "old" hangars (which are unavailable) are
$250/mo. If you want to get on the waiting list for the "new" T-hangars,
they are $400/mo. By the way, you need to let them hold $800 of your
money for a "security deposit". Oh yeah, if you want heat, you put in a
gas furnace and get it hooked up to the meter (and you pay for the gas).

Seems we have plenty of potential customers for hangars because they
have started building a bunch more.

Surrounding airports are similarly priced. If you want to drive 100
miles you can get both tie-downs and hangars for about half.

Outrageous? Well, the city sunk something like $50M into the airport for
purchase and improvements. If they did not come along and do it, there
would be rows of nice pretty townhouses there by now. So, they build
expensive hangars that we seem to have an endless supply of willing
buyers to help defray the monthly nut.

I have a convenient airport, those who will pay have first class
hangars. I could "afford" the hangar. But, for nearly $5k a year, I
would rather put up with the outside and paint the beast every 7 years
instead of 12 (if it were inside).

Mike