Re: [MBZ] OT - Planespotting
My Cessna is worth 67% more now than it was pre-Covid. I need to get the experimentals flying before the market crashes so I can cash out the Cessna. Of course, the cost of materials for the experiments is increasing as well. On Fri, Apr 15, 2022 at 11:52 PM Karl Wittnebel via Mercedes < mercedes@okiebenz.com> wrote: > You would think buying a jet makes you less rich, but that has not been > true for the last 20 years or so. You buy and the plane goes up in price, > so you sell and use the profit to leverage the purchase of a larger > aircraft, which then appreciates and generates even more equity. Seems > weird, but covid drove demand quite a lot and some of these things nearly > doubled in value. Add 8% inflation to that and moving your dollars into > durable capital equipment starts to look pretty smart. > > Far from making their owners less rich, it is another case of the rich > getting even richer. That is what I mean by a glimpse into another world. > The world where people with a lot of money compete with each other for big > ticket capital equipment items. Because they all got a lot richer through > gains in the financial world during covid, so the price of a jet just keeps > climbing.Maybe they will come down again at some point, but it isnt > happening yet. > > > On Thu, Apr 14, 2022, 11:27 AM Jim Cathey wrote: > > > > ...about the rich getting richer during covid is 100% true. Prices > > > of private jets are out of sight. If people have the means to fly > private > > > they do, and there are a lot of people with the means. > > > > Buying a jet in order to avoid riding in plague-tubes makes you less > > rich, no matter how you slice it. Immaterial, though, if peoples' > > reactions > > to covid increases your business enough to pay for it. (Amazon, Netflix, > > etc.) > > > > But it's good for Honest Omar's Flying Carpets, and private pilots, > and... > > > > -- Jim > > > > > ___ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > -- OK Don "Whenever you find yourself on the side of the majority, it is time to pause and reflect." Mark Twain “Basic research is what I’m doing when I don’t know what I am doing.” Wernher Von Braun 2013 F150, 18 mpg 2017 Subaru Legacy, 30 mpg 1957 C182A, 12 mpg - but at 150 mph! ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] OT - Planespotting
I know. Just when I am ready to spring for a Lear they up the price. I guess I am stuck driving boring old diesels til the end of time... On Sat, Apr 16, 2022 at 12:52 AM Karl Wittnebel via Mercedes < mercedes@okiebenz.com> wrote: > You would think buying a jet makes you less rich, but that has not been > true for the last 20 years or so. You buy and the plane goes up in price, > so you sell and use the profit to leverage the purchase of a larger > aircraft, which then appreciates and generates even more equity. Seems > weird, but covid drove demand quite a lot and some of these things nearly > doubled in value. Add 8% inflation to that and moving your dollars into > durable capital equipment starts to look pretty smart. > > Far from making their owners less rich, it is another case of the rich > getting even richer. That is what I mean by a glimpse into another world. > The world where people with a lot of money compete with each other for big > ticket capital equipment items. Because they all got a lot richer through > gains in the financial world during covid, so the price of a jet just keeps > climbing.Maybe they will come down again at some point, but it isnt > happening yet. > > > On Thu, Apr 14, 2022, 11:27 AM Jim Cathey wrote: > > > > ...about the rich getting richer during covid is 100% true. Prices > > > of private jets are out of sight. If people have the means to fly > private > > > they do, and there are a lot of people with the means. > > > > Buying a jet in order to avoid riding in plague-tubes makes you less > > rich, no matter how you slice it. Immaterial, though, if peoples' > > reactions > > to covid increases your business enough to pay for it. (Amazon, Netflix, > > etc.) > > > > But it's good for Honest Omar's Flying Carpets, and private pilots, > and... > > > > -- Jim > > > > > ___ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] OT - Planespotting
You would think buying a jet makes you less rich, but that has not been true for the last 20 years or so. You buy and the plane goes up in price, so you sell and use the profit to leverage the purchase of a larger aircraft, which then appreciates and generates even more equity. Seems weird, but covid drove demand quite a lot and some of these things nearly doubled in value. Add 8% inflation to that and moving your dollars into durable capital equipment starts to look pretty smart. Far from making their owners less rich, it is another case of the rich getting even richer. That is what I mean by a glimpse into another world. The world where people with a lot of money compete with each other for big ticket capital equipment items. Because they all got a lot richer through gains in the financial world during covid, so the price of a jet just keeps climbing.Maybe they will come down again at some point, but it isnt happening yet. On Thu, Apr 14, 2022, 11:27 AM Jim Cathey wrote: > > ...about the rich getting richer during covid is 100% true. Prices > > of private jets are out of sight. If people have the means to fly private > > they do, and there are a lot of people with the means. > > Buying a jet in order to avoid riding in plague-tubes makes you less > rich, no matter how you slice it. Immaterial, though, if peoples' > reactions > to covid increases your business enough to pay for it. (Amazon, Netflix, > etc.) > > But it's good for Honest Omar's Flying Carpets, and private pilots, and... > > -- Jim > > ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] OT - Planespotting
A lot of them aren’t buying jets necessarily, they’re just chartering far more. The leasing services that let you buy “shares” in a plane or fleet have also increased significantly over the past few years as well. -D > On Apr 14, 2022, at 2:27 PM, Jim Cathey via Mercedes > wrote: > >> ...about the rich getting richer during covid is 100% true. Prices >> of private jets are out of sight. If people have the means to fly private >> they do, and there are a lot of people with the means. > > Buying a jet in order to avoid riding in plague-tubes makes you less > rich, no matter how you slice it. Immaterial, though, if peoples' reactions > to covid increases your business enough to pay for it. (Amazon, Netflix, > etc.) > > But it's good for Honest Omar's Flying Carpets, and private pilots, and... > > -- Jim > > > ___ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] OT - Planespotting
Those subscription charter services are doing big business. The number of private jets flying into our little local airport bringing the swells to the resort lifestyle gated beach community on a weekend is most interesting to see. The other day I saw a G5 or 6, it was big, getting ready to take off. Judging by the windows it could probably haul 30-40 people easily. There are those who also own them, might be a bunch of them here, or corporate jets they use. A few years ago I started a little cycling group, we had a core group but various people would join and drop over time. One ride there was this young couple in front of me talking to each other about taking a trip to Ethiopia. They apparently had thought about it but had decided right then to do it. The woman says well I’ll call and tell them to get the jet ready for next week then. Ok… --FT Sent from iFōn > On Apr 14, 2022, at 2:28 PM, Jim Cathey via Mercedes > wrote: > > >> >> ...about the rich getting richer during covid is 100% true. Prices >> of private jets are out of sight. If people have the means to fly private >> they do, and there are a lot of people with the means. > > Buying a jet in order to avoid riding in plague-tubes makes you less > rich, no matter how you slice it. Immaterial, though, if peoples' reactions > to covid increases your business enough to pay for it. (Amazon, Netflix, > etc.) > > But it's good for Honest Omar's Flying Carpets, and private pilots, and... > > -- Jim > > > ___ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] OT - Planespotting
> ...about the rich getting richer during covid is 100% true. Prices > of private jets are out of sight. If people have the means to fly private > they do, and there are a lot of people with the means. Buying a jet in order to avoid riding in plague-tubes makes you less rich, no matter how you slice it. Immaterial, though, if peoples' reactions to covid increases your business enough to pay for it. (Amazon, Netflix, etc.) But it's good for Honest Omar's Flying Carpets, and private pilots, and... -- Jim ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] OT - Planespotting
Yeah you get to peel back the curtain a bit on the layers of the economy when you start paying attention to private jet traffic. All that stuff people say about the rich getting richer during covid is 100% true. Prices of private jets are out of sight. If people have the means to fly private they do, and there are a lot of people with the means. On Sun, Apr 10, 2022, 5:43 PM dan penoff.com via Mercedes < mercedes@okiebenz.com> wrote: > This ADSB receiver I got the boy is a major time suck. While we’ve still > got to get a better antenna setup going, it still pulls in a lot of traffic > overhead. > > I’ve seen three FedEx planes on their way to Honolulu this afternoon, one > of them an MD-11. Another FedEx MD-11 going from MEM to LAX right behind > the other. > > It’s also interesting how many private jets there are who don’t report > their registrations publicly. > > -D > ___ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] OT - Planespotting
After they fell out of favor for passenger service, the DC-10 and MD-11 were/are used heavily as freighters. On Sun, Apr 10, 2022, at 8:43 PM, dan penoff.com via Mercedes wrote: > This ADSB receiver I got the boy is a major time suck. While we’ve > still got to get a better antenna setup going, it still pulls in a lot > of traffic overhead. > > I’ve seen three FedEx planes on their way to Honolulu this afternoon, > one of them an MD-11. Another FedEx MD-11 going from MEM to LAX right > behind the other. > > It’s also interesting how many private jets there are who don’t report > their registrations publicly. > > -D > ___ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
[MBZ] OT - Planespotting
This ADSB receiver I got the boy is a major time suck. While we’ve still got to get a better antenna setup going, it still pulls in a lot of traffic overhead. I’ve seen three FedEx planes on their way to Honolulu this afternoon, one of them an MD-11. Another FedEx MD-11 going from MEM to LAX right behind the other. It’s also interesting how many private jets there are who don’t report their registrations publicly. -D ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
