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  #11  
Old 02-26-2009, 10:59 AM
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jferraro17 jferraro17 is offline
Opulence, I has it...
 
Join Date: Jan 2005
Location: TX
Posts: 830
Default

If you want to talk RV prices/market, be my guest. If you insist on bringing government policy/personalities/philosophies into it, I will shut this thread down.

Fair warning,

Joe
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  #12  
Old 02-26-2009, 11:44 AM
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JonJay JonJay is offline
 
Join Date: Jan 2007
Location: Battleground
Posts: 4,348
Default Airplane Prices, again, fairly bought, fairly sold.

Experimental, certified, no matter, prices are going down. There are great deals to be had, good deals to be had, and probably still some bad deals as always.
Again, people are assuming why this person has sold their airplane. That is just speculation and none of my business.

RV's have always been good deals. Experimental by definition is for education, and like others have commented, what is the value of that? Somebody should have paid me to build my airplane for the enjoyment I recieved, however, I dont expect to get that out of it should I try to sell some day. It's priceless. I dont even expect to get what I put into it back. All of that is fine with me. So, if I choose to sell it at any price and I find a willing buyer, fairly bought, fairly sold.

However you want to price your airplane is your business too. I know many who sold theirs for the parts cost just to finance another build. Someone got a great deal, fairly bought, fairly sold. Two happy people.

I hope they dont shut the thread down for some of the "abuses". I think most of the discussion will help new people gain a better economic perspective of building an experimental airplane and what they may or may not have when they are done.
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  #13  
Old 02-26-2009, 04:19 PM
wvshooter wvshooter is offline
 
Join Date: Oct 2008
Location: WV
Posts: 33
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Who knows what a "fair price" is. Houses, cars, land and any other thing you can think of are sold for way too much and way too little every day regardless of what the economy is doing. The problem with experimental aircraft is that they have become such a commodity which is just a fancy way of saying they are always available. With 6,000 RV's completed there have to be a ton of them for sale every day and that's just the RV's. Anyone would be better off buying and selling used cars if it's about investment or making money.
  #14  
Old 02-26-2009, 04:48 PM
Dmadd Dmadd is offline
 
Join Date: Jul 2008
Location: Camas, WA
Posts: 481
Default opportunity?

There might be some opportunity in all this. I have an RV-4 that I've been flying/upgrading for a year and a half now...(planned on keeping it forever...) BUT... I'm entertaining the idea of trading over to an RV-6/7/9 (tail wheel) aircraft. If someone was in a situation that required them to divest themselves of their aircraft to improve their cash position, let me throw this out. Trade my 4, plus cash, for your 6/7/9. You still have an aircraft to fly, plus some money to help you work through this "unpleasantness" in the economy... And I don't need to rent a plane to teach my daughters to fly... ;-)
If this interests anyone, shoot me a private message and we can chat... I'm just running it up the flagpole to see if anyone salutes... ;-)

Dennis
  #15  
Old 02-26-2009, 04:58 PM
RVadmirer RVadmirer is offline
 
Join Date: Dec 2006
Location: Kalifornia
Posts: 466
Default Big Guys Too

I know this won't create a lot of sympathy among us but the big guys are selling and hurting too. My buddy flies a Gulfstream. It was purchased for $27M and much has been put into it including new engines, panel, paint, interior etc.etc. Last year they could have gotten $26M for it. Just sold for $15M....
A couple friends have recently sold their planes for way too cheap but they had to. Doesn't look like any improvement soon. Oh well.....
  #16  
Old 02-26-2009, 05:23 PM
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RV7Factory RV7Factory is offline
Chief Obfuscation Officer
 
Join Date: May 2005
Location: Livermore, CA
Posts: 1,110
Default

The irony is that we have threads about used RV values going down and threads about the prices for new engines going up. I guess that means we get hammered from both sides.

Yup, things are tough and getting tougher. My boss got laid off on Monday, and my wife escaped a RIF at her company yesterday. Sigh.
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Livermore, CA | RV-7 | SOLD
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  #17  
Old 02-26-2009, 07:45 PM
brianwallis's Avatar
brianwallis brianwallis is offline
VAF moderator
 
Join Date: Dec 2005
Location: In Walter Mitty's dreams
Posts: 947
Talking silver lining

Maybe I can ad a silver lining. I know things are tough all over, I know there are a lot of people hurting out there. Perhaps if someone sells an airplane, the buyer would be willing to give the seller first crack at buying the airplane back along with maybe the right to fly it once in a while just to keep current. I'm selling my yankee to pay for my helicopter CFI. 30 grand was spent... now I'm paid to fly. 20 an hour does not go far.. but it beats paying 300 an hour to rent the bird.... building time is part of paying our dues. Now I have to sell my yankee to pay for it.
Hopefully those people selling their airplanes will have a chance to get them back again.
Best
Brian Wallis
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Callsign: VOODOO sold RV3 to pay for ratings !!!
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  #18  
Old 02-26-2009, 07:59 PM
Scott Hersha Scott Hersha is offline
 
Join Date: Jan 2005
Location: Cincinnati, OH
Posts: 1,558
Default

Gentlemen...
The glass is not half empty. We need more water. If you can't see a buying opportunity when you're in the market for a homebuilt airplane, you're just not looking. The sky is not falling. I can certainly feel for those needing to sell, I was there myself a few years ago following a corporate bankruptsy and sold my RV-6. Later, Lord willing, I was able to build again. If I have to sell again - which very well may happen - I will, and then, again Lord willing, I will build again. I'm not concerned with what price it brings. If you are in this to make money, you are not a good investor. Building, especially multiple times is an act of passion and isn't measured in dollars. Everything we buy - houses, cars, airplanes - is worth less now than it was a year ago, and will probably continue to decline for a while, but so what? We can't do anything about it. We are in this because we love it, right?? Let's help each other out. Help your buddy sell his bird, for what ever is fair at the time, and then help him get back into it as soon as he recovers. And he will recover eventually. He needs to stay connected with his passion in the mean time, even if it's secondary for a while. Our future depends on us staying involved. We may all be there at some time in our lives.

Scott
  #19  
Old 02-26-2009, 09:34 PM
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Ron Lee Ron Lee is offline
 
Join Date: Jun 2005
Posts: 3,275
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Hopefully the buyer of that Canadian RV7 will go to neat places and write trip reports with pictures. He or she might even have issues with ATC. Or maybe it is just me that seems to have those issues.
  #20  
Old 02-26-2009, 10:00 PM
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osxuser osxuser is offline
 
Join Date: Aug 2005
Location: Pasadena CA
Posts: 2,484
Default

Dare I ask how much it went for? I missed the asking price. I'm building right now, but if I find a Glasair I RG as cheap as they should be in the next few months... I might just sell my other projects and go glass.
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RV4 wing in Jig @ KPOC
RV7 emp built
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