Bad times for aircraft values???

[Garthur]

Just had a conversation with my long time mechanic. He told me that more people then ever before are looking to sell their aircraft. He said that this included private owners and corporate owners. He went on to say that it is much worse now then in 2008-09 during the beginning of the recession.

My mechanic runs a shop that has 3 other A&P's and does a good business.

If this is not a local event then we could be looking at aircraft values dropping because of too many aircraft hitting the market at the same time.

I just had to renew my insurance and the insurance company said that my aircraft dropped in value by $20,000 in one year.

 

[Jim Logajan]

I don't get that either..

But I got it. Greg's "looted on gov't money" was incredible. (It also helps to read and understand the statement in Chip's signature. This link might help: http://mises.org/daily/5601)

To understand what Greg was asserting (though he will no doubt not agree, or be surprised to see this analysis) suppose for a moment that someone was pushing a congressional bill that would require all aircraft pay a $100 per flight fee to cover the cost of some fancy new ATC system. Some of us get together to lobby to fight it. By doing that, we are now "looting" government money. Not our money, their money. I've made the situation easier to see by having the bill not yet passed, but the situation would be the same if our lobbiests were in there trying to roll back an already passed measure that was already funding government programs.

The fallacy of who is looting who is so ingrained that I can understand some of Chip's frustrations.

Are we in SZ territory yet?