Hello Everyone,
Current ppl student, soon to be Ifr student. I have become fascinated with Mooney's over the last year (speed, strength, and efficiency) and have been looking to make a purchase. It seems every day that the prices are going up drastically. Using sites like AOPA Vref I can see the last big boom like this for Mooney pricing was in 2001.
My question to those who have been through aviation booms and busts, does the used plane market fall out all at once when the economy dips/sputters or is it more of a slow slide down the hill? (Is it worth trying to time a market wide dip, or does the Mooney market still go strong during down turns) Also typically, how long do the "hot" markets last where all the planes are just gobbled up super quick?
-Alexander
