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Holy Cow! Costs Are Getting Crazy!!

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28 Nov 2024 16:13 #1 by Warren Hampton
Replied by Warren Hampton on topic Holy Cow! Costs Are Getting Crazy!!
Larry, Yes and I wish it was not so. Not for, I am old and getting out for that reason. I like most of us here loved flying. I wise for the younger people cost were like when I started flying '69. Soloed in 4 1/2 hrs. Ci50 wet & instr $17.50 per hour. Paid $1,500. for my first Coupe.

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06 Nov 2024 23:19 #2 by Edward Moore
Replied by Edward Moore on topic Holy Cow! Costs Are Getting Crazy!!
Careful. you're giving your potential buyers second thoughts. Hopefully, those "potentials" are young folks that have had a boat and income well into 6 figures.

I started in high school making $12/week part time, every afternoon sfter school and all day Saturday 78 years ago.

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06 Nov 2024 10:40 #3 by Matt Gunsch
Replied by Matt Gunsch on topic Holy Cow! Costs Are Getting Crazy!!
One thing that is driving up prices is the giants in aviation gobbling up the smaller companies. Hartzell is among the worse, they bought out the company that does the lightweight starters, in a matter of months the price went up to over $1000. they have also bought Alternator companies, and exhaust repair shops. Boeing is doing the same, as it Aircraft Spruce, our choices of what and where to buy are being whittled away.

A&P, IA, PPSEL
too many years GA and Warbird Maint
Check out the Ercoupe Discussion group on facebook

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05 Nov 2024 18:09 #4 by Kenneth Crofut
Replied by Kenneth Crofut on topic Holy Cow! Costs Are Getting Crazy!!
" I’ed like to know why aviation price increases are so much higher than regular consumer goods." In my opinion it's 6 little letters STC. PMA. A lot of the parts on my 78 year old plane was off the shelf automotive. Examples would include fuel pump, generator and battery. Auto parts store has a sealed battery the exact dimensions and amperage of Concorde RG25 for $60.00. Bought a Concorde with STC. PMA cost $400.00 with shipping. Just my opinion.

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05 Nov 2024 16:47 #5 by Larry Snyder
Replied by Larry Snyder on topic Holy Cow! Costs Are Getting Crazy!!
I didn’t mean to start a conversation about economics but what the heck!

For many who are still working, there’s the likelihood that wages can also rise and ease the pain. We old people on fixed annuities do not have that hope. Social Security has pathetic little increases. So while prices skyrocket we get a tiny bump.

So while I sounded like I was bemoaning inflation I was expressing my sadness at my personal inability to stay in the aircraft ownership game.

And I’d like to know why aviation price increases are so much higher than regular consumer goods.

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05 Nov 2024 16:02 #6 by Keith Whitcomb
Replied by Keith Whitcomb on topic Holy Cow! Costs Are Getting Crazy!!
“ Prices never came back down, though. Again, profits.”

You fail to include the fact that they are overspending like drunken sailors on shore leave. They are spending us into debt @ one trillion dollars every 90 days.

The FED gets an IOU from the government and they have around 7 different ways to handle the debt. All of them monetize the debt to a degree. A previous administration used quantitative easing to run the debt through a washing machine before jacking up the value of the stock market.

All of this is baby steps down the road to hyperinflation. In 1934 an ounce of gold was $34 an ounce. In 1934, a doctor, or lawyer, or journeyman craftsman earned ONE DOLLAR A DAY.

Prices already have the increased prices baked in. They say inflation is slowing. But the reality is the overspending hasn’t stopped and like a caterpillar, the tail end (prices) move up after they overspend (print money). There is always a delay as the market reacts to the new norm.

No, prices will never go back down. Ask yourself what would it take to go back to 34 dollars an ounce gold?

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