Not selling, why?

[mike_elliott]

34 minutes ago, peevee said:

It's not so easy when I have partners that think it's worth more than it is

This happens when a divorce forces a sale also. Mr. Market is the guy who knows what it is really worth, no one else. Ask you partners, "What would you pay for it?" Sell your interest to them for that amount, let them deal with it.

[Ftlausa]

Agreed. way over priced for a 1980.  If it was a 90s model, then maybe in the ballpark. 

[peevee]

20 hours ago, mike_elliott said:

This happens when a divorce forces a sale also. Mr. Market is the guy who knows what it is really worth, no one else. Ask you partners, "What would you pay for it?" Sell your interest to them for that amount, let them deal with it.

I offered. I'd take 17k for a 25% share right now, actually. If it's worth what they say it is, they'll make money.

However, at 89k there isn't really another comparable 231 with an intercooler/wastegateand similar SMOH, I think at this point it's a demand problem.

[LANCECASPER]

One thing that some people have figured out - it may cost $100,000 to get into a used Mooney but in reality you are maintaining a $500,000 machine. The cost of parts, annuals, overhauls, etc. are reflective of a half million dollar machine. Most of us don't want to admit that . . .

[Bob_Belville]

Just now, LANCECASPER said:

One thing that some people have figured out - it may cost $100,000 to get into a used Mooney but in reality you are maintaining a $500,000 machine. The cost of parts, annuals, overhauls, etc. are reflective of a half million dollar machine. Most of us don't want to admit that . . .

Well, my '66E came out of Kerrville with a MSRP of ~ $24,000. 

[Jerry 5TJ]

1 hour ago, Bob_Belville said:

Well, my '66E came out of Kerrville with a MSRP of ~ $24,000. 

And in 1966 a newly graduated engineer was paid about $600 a month...$24,000 was a boat-load of money.  A new 1966 VW cost about $1,700.  

 

[Jerry 5TJ]

1 hour ago, LANCECASPER said:

One thing that some people have figured out - it may cost $100,000 to get into a used Mooney but in reality you are maintaining a $500,000 machine. The cost of parts, annuals, overhauls, etc. are reflective of a half million dollar machine. Most of us don't want to admit that . . .

You're maintaining a $500K machine that's 50 years old, too....