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#61
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"Dr. Anthony J. Lomenzo" writes:
So folks say, hey, forget the pipedream of winning a new bird and tax free yet and figure they'll go the old familiar road of locating a used..ehhh...make that pre-owned...172 or, hey, the venerable 150/152 and build-up so to speak UNTIL they check out the prices! Whew! It's not cheap, and it's definitely not the same as buying a mountain bike or an ATV, but ownership is doable for a typical middle class person who's motivated enough. For example, a good 1960's Cherokee 140 will run maybe USD 35,000. It will cost somewhere around USD 7,000-10,000/year to own and operate the plane, depending on how much it flies and where it's kept, though there can be a lot of volatility in any given year due to maintenance surprises. A lot of people who want to fly can afford that kind of flying by themselves. For people who cannot, a partnership drastically reduces the overhead -- split that 140 three ways, and an awful lot of not-even-close-to-rich people can afford to fly. Partnerships are also better for the plane, since a plane that flies more tends to last longer and have fewer problems than a plane that sits around. Point? I agree...while owning is nice, it's also expensive. VERY expensive. Tell you what...I'm going to make a prediction...[are you listening old amigo, Jim Fisher?]--you'll see the day that eventually the level of SIMULATOR flying and I'm talking MOTION type albeit if only limited to simple four axis down/up, left/right but limited if only to create a system that can be affordable linked to high level flight simulation that can be constructed and flown within the home basement! I respectfully disagree on this point -- pilots don't mind practicing on sims, but the point of flying is to be up in the air and/or to go places. All the best, David -- David Megginson, , http://www.megginson.com/ |
#62
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"Gary L. Drescher" wrote
Rather than per hour, perhaps a more fair metric would be "fatality rate per effective distance traveled". Even in my slow Cessna 172 a good rule of thumb is that I can get from point A to point B about 3 times faster than driving. On safety grounds alone, it might tip the balance in favor of GA over driving. It doesn't, though. If you do a google search for the previous threads here on this topic, you'll find data that has been cited to support the conclusion that the fatality rate per hour is around 15 times greater for GA, and per mile it's around 8 times greater for GA. By either measure, GA is roughly an order of magnitude more dangerous. OK thanks for the stats, sobering though they might be. But: consider that planes generally get from A to B in more of a straight line than cars (thus my words "per effective distance traveled" quoted above and the factor of 8 you cite becomes more like 4 or 5. Then the fact that a 172 is statistically one of the safest planes around, and maybe we're talking close to a wash in safety between driving and flying? Jim Rosinski N3825Q |
#63
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![]() David Megginson wrote: "Dr. Anthony J. Lomenzo" writes: So folks say, hey, forget the pipedream of winning a new bird and tax free yet and figure they'll go the old familiar road of locating a used..ehhh...make that pre-owned...172 or, hey, the venerable 150/152 and build-up so to speak UNTIL they check out the prices! Whew! It's not cheap, and it's definitely not the same as buying a mountain bike or an ATV, but ownership is doable for a typical middle class person who's motivated enough. For example, a good 1960's Cherokee 140 will run maybe USD 35,000. It will cost somewhere around USD 7,000-10,000/year to own and operate the plane, depending on how much it flies and where it's kept, though there can be a lot of volatility in any given year due to maintenance surprises. A lot of people who want to fly can afford that kind of flying by themselves. For people who cannot, a partnership drastically reduces the overhead -- split that 140 three ways, and an awful lot of not-even-close-to-rich people can afford to fly. Partnerships are also better for the plane, since a plane that flies more tends to last longer and have fewer problems than a plane that sits around. That's of course a valid point, David, and perhaps that indeed explains the trend towards such partnerships or, indeed, flying clubs and fractional ownerships. So too, I tend to think of the single ownership thing [I mean going out and buying a plane today and not having had one on hand for some years or even inheriting one] and I find this to be more and more of a fruitless effort as costs to escalate. What PPL would place a value on their life versus cost of a TCAS yet when one spots the tags for those items...whew! No wonder there are more 'portable' Garmins being sold then CP mounted big ticket mates so to speak. Then too, it's not even so much the moan of "ohhhhh those prohibitive FBO labor costs" [although I am the FIRST to defend the axiom that competent work doesn't come cheap!] but likewise the av parts themselves be that a simple spark plug or avionics which [and I'll no doubt catch some flak for this] 'because' they are aviation bound suddenly carry price tags often triple or more the cost! Sort of like the $270 hammer syndrome and $400 coffee pot or, when I was in the military some moons ago, paint it OD, define it as 'mil spec', 'quadruple' the price ... and sell it to Uncle Sam! I agree...while owning is nice, it's also expensive. VERY expensive. Tell you what...I'm going to make a prediction...[are you listening old amigo, Jim Fisher?]--you'll see the day that eventually the level of SIMULATOR flying and I'm talking MOTION type albeit if only limited to simple four axis down/up, left/right but limited if only to create a system that can be affordable linked to high level flight simulation that can be constructed and flown within the home basement! I respectfully disagree on this point -- pilots don't mind practicing on sims, but the point of flying is to be up in the air and/or to go places. Absolutely agree, David, but alas, that is not always economically doable if only 'due' to such escalating and spiraling costs. That's the proverbial rub! Sure, there is the axiom that says 'when there is a will, there is a way' but that depends on the goal..and the costs involved. But then, in fairness and as you duly point out, perhaps the wave of the future will be more and more partnership deals if only because folks find themselves in the same boat as individual 'new' plane ownership or pre-owned but in need of big bucks updating becomes so pricey [and the rather hefty associated costs of course] that one staggers under the weight of the numbers! Regards, Doc Tony All the best, David |
#64
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![]() Steve House wrote: "Dr. Anthony J. Lomenzo" wrote in message ... snip Agree! And not too many places suddenly become that beneficent that 'they' will foot the tax bill which can get considerable considering the cost of new birds these days and the fact that as soon as one takes delivery of their prize, the fed and state tax folks immediately have their hand extended [with requisite grin] for their cut of your good fortune. Then, once possession of the prize takes place, hey, even if you're ATP rated, would you take off without having the bird insured? At least up here in the Northland, prizes, lottery and gambling winnings aren't considered taxable income, yet. shhhhh Get your new plane in a prize drawing and the tax man doesn't cometh. Ahhhh! That's refreshing news! Alas, Steve, we have a governor here that is so desperate for coin of the realm that he wants to tax garage sale items and he just may put his revenue spies into peeking into recorded Ebay deals for a piece of the pie. Right now, however, he is involved in a sort of Custer-like jihad with the Native Americans demanding a piece of the normal state tax --and-- state surcharge taxes pie from what the NA's make 'within' their sovereign nations a la tobacco [internet sales inclusive] and BINGO sales. Hey! Win a lottery in my state over $600 and they with-hold 20% at the get-go splitting that freebie dough pot with Uncle Sam. But then, this is the same governor and his brain-trust who says that folks with fancy cars and AIRPLANES 'should' pay a luxury tax because, after all, even if you own a piece of an [gasp!] airplane, you must be filthy rich, yes? Doc Tony PS-- How's this though... an amigo uses his own plane to fly small portable albeit donated generators to folks way up north when the big ice storm hit some years ago and these folks were WEEKS without power. OK, he claims PART of that fuel expense on his state tax form and it bounces back --why--- well, the state rejected a 'charitable expense deduction' because the guy 'volunteered' his services, so, tough! How's that for a 'help thy neighbor' kick in the keester? Shades of our friend 'Calvera' [Eli Wallach] in the great flick, "The Magnificent Seven", to wit, "Generosity! That was my first mistake!" :-) |
#65
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Gently extracted from the mind of jim rosinski;
"Gary L. Drescher" wrote Rather than per hour, perhaps a more fair metric would be "fatality rate per effective distance traveled". Even in my slow Cessna 172 a good rule of thumb is that I can get from point A to point B about 3 times faster than driving. On safety grounds alone, it might tip the balance in favor of GA over driving. It doesn't, though. If you do a google search for the previous threads here on this topic, you'll find data that has been cited to support the conclusion that the fatality rate per hour is around 15 times greater for GA, and per mile it's around 8 times greater for GA. By either measure, GA is roughly an order of magnitude more dangerous. OK thanks for the stats, sobering though they might be. But: consider that planes generally get from A to B in more of a straight line than cars (thus my words "per effective distance traveled" quoted above and the factor of 8 you cite becomes more like 4 or 5. Then the fact that a 172 is statistically one of the safest planes around, and maybe we're talking close to a wash in safety between driving and flying? I'm not too sure about that. GA includes turbine aircraft. And they are highly utilized with safety records comparable to commercial aviation. What is not clear to me is the real risks of my flying a few hundred miles in a 172 versus driving to the same destination. Or for that matter, 10hrs of local flying vs 10hrs of scuba diving vrs 10hrs of x-country skiing vrs 10hs on a motorcycle or some other outdoor hobby. -ash for assistance dial MYCROFTXXX |
#66
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![]() Steve House wrote: Cessna and other manufacturers could sell a whole lot more product and begin to realize some of those economies of scale if they'd drop the price to about 20% of what is is today, don't you think? No, I don't. Most of the people I know wouldn't buy one if it cost $5,000. George Patterson They say that nothing's certain except death and taxes. The thing is, death doesn't get worse every time Congress goes into session. Will Rogers |
#67
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![]() Steve House wrote: At least up here in the Northland, prizes, lottery and gambling winnings aren't considered taxable income, yet. shhhhh Get your new plane in a prize drawing and the tax man doesn't cometh. Hope you guys can keep it that way. Here, I would owe 33% of the value to the IRS, 6% of the value to the New Jersey income tax people, and another 6% of the value for the State usage tax. If I won the AOPA Waco ($250,000 value) and couldn't sell it within 6 weeks, I'd have to declare bankruptcy. George Patterson They say that nothing's certain except death and taxes. The thing is, death doesn't get worse every time Congress goes into session. Will Rogers |
#68
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Newps writes:
If you look at the accident stats of a 182 and subtract out night flying, flying into bad weather while VFR and all IMC flight on an IFR flight plan the safety record is virtually the same as driving. So day VFR flight is about as safe as it gets. Don't forget to subtract out impaired driving, joyriding, driving in heavy rain or fog, driving on icy roads, driving while distracted (cell phone, radio tuning, kids, etc.), speeding, and dangerous passing from the driving stats as well. To be fair, you would leave in any fatalities caused in *other* cars, since they had no control over the behaviour of the accident driver. All the best, David -- David Megginson, , http://www.megginson.com/ |
#69
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Gently extracted from the mind of David Megginson;
Newps writes: If you look at the accident stats of a 182 and subtract out night flying, flying into bad weather while VFR and all IMC flight on an IFR flight plan the safety record is virtually the same as driving. So day VFR flight is about as safe as it gets. Don't forget to subtract out impaired driving, joyriding, driving in heavy rain or fog, driving on icy roads, driving while distracted (cell phone, radio tuning, kids, etc.), speeding, and dangerous passing from the driving stats as well. To be fair, you would leave in any fatalities caused in *other* cars, since they had no control over the behaviour of the accident driver. It's a fair comparison. I'm usually willing to wait several days to get a nice VFR day. But then I don't have a tight schedule to keep. -ash for assistance dial MYCROFTXXX |
#70
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![]() "Newps" wrote in message news:KKuZa.114264$uu5.15644@sccrnsc04... If you look at the accident stats of a 182 and subtract out night flying, flying into bad weather while VFR and all IMC flight on an IFR flight plan the safety record is virtually the same as driving. So day VFR flight is about as safe as it gets. My recall is that light plane VFR was the overwhelming source for crashes (and all the boneheaded moves) -- that the accident rate under IFR dropped by several orders of magnitude. |
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