HIGH PRICES ARE THE NEW NORMAL
A friend of mine is thinking about selling their small plane, an old Mooney, and the price they are being counseled to consider is $140,000, which, in case you don’t have an aircraft price guide from 2018 handy, is around $100,000 more than that same plane would have sold for just four years ago. And even before then, prices were stable for around a decade.
Now, three and a half times the former typical asking price just seems nuts to me, but then again, if you look around, it’s not the only commodity that’s going for more than ever. Just look at housing costs. They’re nuts. The difference is, housing costs will settle some. Airplane prices won’t. Here’s why they won’t.
Imagine a world…
