Hi Jeff,
Its interesting to hear that I'm not the only one willing to admit having more $$ invested in my plane.
I understand with an unexpected overhaul or engine change, or a new paint job and all the extras that entail, or a new panel or interior, that a $20k C150 can easily have over $40k into it.
I know that plenty of $20k C150s exist for sale, but not in the condition that most want their plane to be in. Even if you are an A&P, your time is worth money, so its not even free labor to yourself.
I'm not defending the subject plane, but I am saying you get what you pay for when buying anything cheap. When I post my final annual bill, it'll show that I was willing to do things an owner who was "buying, flying, and selling" for time building would never do.
For example, I had my fuel selector valve services because it was soo hard to move, that I was concerned that I or someone else would break the valve forcing it to move some day. I also serviced the gascolater, because on draining fuel, I felt that it took too long to close, and could potentially leak in flight causing me to not have the fuel in my tanks I thought it did.
My mindset is different from the "I'll buy it until it needs something and sell it to someone else" That poor C150 might not get the proper servicing it deserves or put someone(s) at un-needed risk of injury.
Happy New Years!
PS.. to much caffiene tonite...
Ok, but does that mean I can ask $43,000 for Gremlin, after all that's how much we've spent on her in the past 2 years... oh wait! I'll bump it up to $48,000 because of all the fuel I've burned!!
