CoVid and Airplane Prices

[SantosDumont]

It's definitely putting a delay on me selling my Mooney! My portfolio is worth nothing now, so I'm going to have to really stretch out making any progress on my -14 empennage until I can afford to buy the wings!

[Rallylancer122]

I would suspect the big insurance increases are going to affect the market more than this. A lot of pilots can no longer get enough coverage to insure their net worth, and/or they are seeing safety pilot requirements. That's going to drive some of them out. The owner flown jet and turboprop market is getting hammered, and a lot of those guys have RV's and such as toys.

DEM

[Captain Avgas]

Originally Posted by Scott Hersha

Actually, they DO have a vaccine, but you’re right, it won’t be available to the public until next year. Human testing is starting now ...

You do NOT have a vaccine until you have a product that actually works and you are satisfied can be given to hundreds of millions of people without creating side effects that could be worse than the effects of the corona virus itself. The testing of this product may take a year or more and there is no guarantee whatsoever that it will be deemed effective or safe at the end of that test period. So we need to cut through the semantic cr@p here and acknowledge that at the moment there is NO vaccine for the corona virus and nor is there likely to be an effective and safe one available until at least 2021.

[Whitman]

I?ll speak for myself, but if I lose my job in the airlines (looks likely right now) and we continue into a deep recession, my RV-4 is the last thing to go. Frankly, you would have to pry it out of my cold, dead hands.

My point is, rv owners are passionate enthusiasts and the opportunity for a deal is much less likely than in real estate, boats, or cars. My 2 cents FWIW

[JonJay]

About ready to test this a bit. We will be selling our Airpark home. Similar factors in play as a big target market for us will be, or would have been, airline pilots.
The impact on our economy will obviously come into play as well.
Fortunately, or unfortunately, depending on your view, it won?t be a fire sale.

[Charles in SC]

My .02 worth since being involved in aviation over the last 45 years. Any time there is a recession or depression or other turmoil in the financial world there are folks that need to get out because of the expense. Somebody told me a long time ago that the difference between a depression and a recession is that a recession is when somebody else is out of work and a depression is when you are out of work. With that being said I have never seen airplane prices go down much for long. I wish I still had my V35B that I sold in 1995. It would bring about 3 times what I got for it. As far as I know my -7 is worth more than what I have in it. One thing that I have noticed is that the best examples always bring top dollar no matter what plane it is and the dogs don't bring near as much or sell near as fast. I think it pays you to keep your plane in top condition even though it cost to do it. You will have more pride of ownership and if you have to sell it will go smoother.

[s11033]

I hope you guys are right that not too many people will get hurt by this. Personally I think this shock will hit harder than a lot of folks realize right now.

Stay healthy, and protect the sick and elderly through this!

Steve

[mfleming]

Originally Posted by s11033

I hope you guys are right that not too many people will get hurt by this. Personally I think this shock will hit harder than a lot of folks realize right now.

Stay healthy, and protect the sick and elderly through this!

Steve

IMHO They are not right.

We are watching the greatest hit to Americas economy ever. Congress is working on relief bills in the trillions. Businesses are shuttered across the country, many will never reopen. AND people think this will not effect the value of our toys...Oh boy, pretty amazing.

[VaNewbie]

I have to agree with MFleming. The infection phase of Covid 19 will take 6-12 months to work through our country, unemployment will ripple through the economy to all levels, and a lot of people will be looking at decimated retirement accounts (myself included). Dedicated Vans owners will hold onto the planes they built and love but a lot of people will have to make a decision between mortgage and toys. The vaccine will be released at the very end of the pandemic assuming all goes smoothly and it's effective but there does seem to be a little hope in some unique medical treatments. Wash your hands and stay away from sick people and the elderly.
BTW I am looking for a 9A but don't want anyone to die to free one up.

[Capt]

This world changing event will change the face of the planet as far as aviation goes at ALL levels! When it's all over Aviation will go on but it won't go on for all of us!