I do not believe it.

I own a C150 and here are the costs I'm looking at, you can decide if
one has to be wealty or not.
BTW, numbers are in euro, euro/dollar exchange about 1.31.

Annual +100 hrs + comm and x-ponder check 900,-
Insurance 880,-/year
Fuel burn 40,-/hr
Hangar 148,-/month
Medical 140,-/2 year
Licence renewal 80,-/ 2 year
Licence for comm/nav/x-ponder 113,-/year

My mechanic 55,-/hr
For parts use the price in dollar and convert to euro 1:1 this because
of shipping and VAT.

Landing fees ranging from nothing to 15,- mostly 10,-
At my home field I pay 2,50/landing
No user fees.
Wx briefing from nothing to 80ct/min if I've to make a phone call,
40ct/SMS if I use that for TAF and/or Metar.

-Kees(not wealty)