howard.edson

Thanks again, everyone. It's fantastic how active this forum is. I look forward to joining the community in a more official way soon!

Thanks, all, I appreciate the thoughtful responses and will let you know when I become an owner (I see it more as a when than an if). I'm ready for the ~$20K/yr ongoing costs of ownership, and I see how quickly that will end up exceeding my purchase price. I guess I should have put more emphasis in my question on the effect of insurance specifically on Mooney market values. If at some point insurance premiums increase to, say, 10x today's levels, or worse, people can't get insurance at all, who will buy these planes? How likely this that to become a problem?

Hi. I live in the Seattle area, am actively in the market for my first plane, very interested in the M20F, or possibly a J/E/C/D. I am 50 years old, have ~150h total time, close to completing IFR, planning to continue training complex and then commercial. No incidents, deviations, medical or other special considerations I can think of. I know from looking into a partnership on a J recently that insurance will be expensive, somewhat less so after I’m IFR and built some retractable time. My question is around how the insurability of vintage Mooneys (perhaps retractables generally) is changing, and how that might affect their market values over the next 5-10 years? Part of how I’m convincing myself to spend up to $100K on an airplane is that I want to believe the value will be there down the road when I sell it. How is this community thinking about that?