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Time=money and money=time. Any cost analysis depends on what is “make” and what is “buy”.
Having said the above, one shall count their time based on how much surplus time they have on hand. Say: you can willingly spare 2 hours on a given day just for fun, then it’s just free. Therefore; you got the point. Analyze your costs as per your constraints. I’m no expert, just saying, my 2 cents. Have fun. BTW, I’m an expert of ERP/MRP II and it works for many (if not all) aspects of life. Your “human resource” a measurable resource as well. |
Free
"...you can willingly spare 2 hours on a given day just for fun, then it?s just free..."
Nothing is free; sparing 2 hours on a given day just means that those 2 hours were not used for something else. There is always a cost... |
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I consider the 1300-plus hours of building my -9A to be some of the most enjoyable time of my life. And people pay good money to do things that are enjoyable! Maybe I should subtract $50/hour to arrive at the total cost of my RV. :) When time comes to sell (if ever), I'll be more than happy to recoup 75% of component costs. |
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EDIT: Wait, what...1300+ hours...jeez thats quick :eek: |
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But now, I do stuff for just fun, not for money. Don’t we all want to build RV’s for fun? Who cares the time lost. At the end of the day, when you finish the plane, if you don’t like it, you sell it and retrieve your cost+. And I won’t sweat it cause I was having fun. I don’t know you therefore your constrains may be different, :D |
Nah...
We are probably more alike than different. In fact, I have too many hobbies and not enough time for them all. That was the basis for my comment. Those two hours spared are just two hours taken from something else...in fact I am already planning my next large project, to be started once the -10 is out of the workshop. Couple that with all of the little side projects that come up, well, not enough time in the day...
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I'm in the process of building a new Superior engine and buying a new CS prop for a flying -8. The price of this is up over 20% in the past 2 years from when I originally quoted it out. It does seem that there has been some price inflation going on. Apparently small single engine aircraft and parts aren't in the CPI! :mad:
This is a very enjoyable hobby - not much different cost-wise than boating or a country club membership (at least that's what I've explained to my bride).:D |
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