Huitt3106

Haha, well I had to do it with rising costs! It's a painful calculation to work through on the calculator!

I'm almost certain this is the direction I'll go. Luckily, this covered spot is all concrete and pavement, no grass to worry about.

I don't envy the challenges of the salty environment, I live in the mountains.

I am a bit envious of the airpark life, but that will have to wait for later in life if at all!

You sound like you're living what I am envisioning! I am heavily leaning in that direction as it makes the most sense at this point (for me).

That definitely makes sense. If I go this route, I'll be getting covers to keep the birds off most of it and just wash the airplane regularly like I already prefer to do. The high hangar cost just doesn't make much sense when there is that much difference.

That's mostly what I'm trying to rationalize at this point. How much worse is a covered spot vs a full hangar? The difference in tie-down vs hangar is obvious to me, but this is a bit different.

I don't disagree with you at all on the benefits of having it in a fully enclosed hangar, but I'm on the verge of selling if I can't make it somewhat more affordable (or find a co-owner). To break my math down a bit more, I have figured up the hourly costs at my average flying per year. If I downgrade to a covered tie-down, the cost difference will make flying 70 hours next year the same cost as flying 40 hours this past year. That's how I've tried to approach ownership costs (flying time). Fun note on keeping it cleaner; Signature somehow constantly blows dust and grit all into the hangars (even when the doors are closed). I walked into the hangar a few weeks ago and my airplane was covered in dirt and grit from them blowing the apron off and into the hangars when they patched the cracks in the pavement.

Thanks! I'm strongly leaning that way as the $400/ month mark is really hard to swallow. It's honestly pushed me to flying less as it's a constant reminder of how expensive it is to keep it in the hangar whenever I visit!

I am working through the throws of solo ownership in my Mooney again and am trying to find ways to make it more affordable (I know that's an oxymoron in aviation). I have found the most controllable cost point in my ownership is that of hangar rent. Currently, my monthly rent is hitting $400 per month for an old worn out T-hangar with manual sliding doors. What I am contemplating is moving my Mooney over to the covered tie-downs that give it good protection from rain and any hail (pretty uncommon here) but will not have a closed door. I am thinking about doing this in conjunction with purchasing a canopy/ cowl cover in addition to horizontal surface covers. This will be a yearly savings of right at $3,000 and would put me in a more comfortable position. I know this is a can of worms I'm throwing on the floor, but I am interested in viewpoints on covered storage ($160/ month) vs full hangar ($400/ month) storage. This is not an open tie-down spot.

I will definitely update this post if I decide to go that route. I’m going through some last ditch efforts to find a co-owner before I list it. Sent from my iPhone using Tapatalk

I had a guy come look at potentially buying into the co-ownership and I had to talk him through a lot of the false ideas that people have about Mooneys. He ended up not joining. I was thinking it should be worth the high 70's in the current market as I see old panels and rough interiors listed in the high 60's (some aren't selling of course). I could not imagine paying today's prices for a 172 or others, they're good planes for what they do but not worth what the market is pushing in my opinion.

Thank you! I had a feeling it was still going hot but hadn't had my eye on the market recently. I would much rather find a co-owner as I don't necessarily want to sell. But the financials aren't making sense for ownership right now (I'm aware they never actually make sense).

Yeah, it's definitely tough to put an actual value on it. But just looking what's for sale and what people are asking for recent airplanes on the market I've got an idea. When it comes to selling one that's been updated to this extent it's hard to gauge. I'm mostly curious if they're still selling like crazy or if it has slowed any recently.