gsxrpilot Posted February 5, 2019 Report Posted February 5, 2019 I guess someone thought $118K for a really nice E was a bargain. Wow. Quote
Bob_Belville Posted February 5, 2019 Report Posted February 5, 2019 I kinda like the latest development. 6 months from now it might be $160k 1 Quote
M016576 Posted February 5, 2019 Report Posted February 5, 2019 1 hour ago, gsxrpilot said: I guess someone thought $118K for a really nice E was a bargain. Wow. Yep- basically flipping it. Quote
ragedracer1977 Posted February 5, 2019 Report Posted February 5, 2019 3 hours ago, gsxrpilot said: I guess someone thought $118K for a really nice E was a bargain. Wow. Someone bought that super duper 21. I think it was $165k+ last time I saw it. Maybe this guy figured he could ride the wave. Quote
flight2000 Posted February 5, 2019 Report Posted February 5, 2019 7 hours ago, M016576 said: Yep- basically flipping it. Same thing is happening with my Bonanza. Guy bought it and then I find out it's for sale again way above what I let it go for (didn't know the buyer was working for a dealer at the time). Guess the brokers/dealers are seeing a strong buyers market right now. Brian Quote
75_M20F Posted February 5, 2019 Report Posted February 5, 2019 So much for those who said a pre J would never fetch north of $100,000 no matter how nice it was. This is great news, I have been contemplating selling mine and getting something larger. 5 Quote
Niko182 Posted February 6, 2019 Report Posted February 6, 2019 18 hours ago, 75_M20F said: So much for those who said a pre J would never fetch north of $100,000 no matter how nice it was. This is great news, I have been contemplating selling mine and getting something larger. Whats larger? An acclaim/bravo/ovation, or like a tbm/p baron/duke Quote
TWinter Posted February 7, 2019 Author Report Posted February 7, 2019 Hate to see it was purchased to be flipped. It was brokered and I never met the buyer. I was hoping it was to someone who just wanted it because they wanted a nice Mooney. I guess the key was getting it sold, but I'll admit if it sells for $135k it will hurt my financial feelings greatly. Apparently, I settled for far less than what I could have gotten for it if she goes for near the asking. Regardless, If money was no object I'd buy it back in a minute, but not at 135k..She's a great bird. I like my twin and that is what fits my mission right now for business and personal, but 41M had a lot of memories. I'd keep her as my weekend ride if I was financially able. -Tom Quote
MIm20c Posted February 7, 2019 Report Posted February 7, 2019 I thought the buyer owned a Acclaim, painted similarly, and the plane was for a family member? i really don’t see this being a flip. Buyer changed his mind and wanted a no loss transaction (sales tax, broker fees, prebuy, etc)? Quote
ArtVandelay Posted February 7, 2019 Report Posted February 7, 2019 So much for those who said a pre J would never fetch north of $100,000 no matter how nice it was. This is great news, I have been contemplating selling mine and getting something larger. Hasn’t sold yet. I remember a J was $200,000...no fancy avionics...pretty sure that didn’t sell either.Tom Quote
75_M20F Posted February 7, 2019 Report Posted February 7, 2019 1 hour ago, ArtVandelay said: Hasn’t sold yet. I remember a J was $200,000...no fancy avionics...pretty sure that didn’t sell either. Tom Yes it has.... reference the entire thread. Quote
carusoam Posted February 7, 2019 Report Posted February 7, 2019 2007 economics are starting to show up in small quantities... Low interest rates are promoters of taking on financial risk. Use caution with anything that uses a variable interest rate. The low interest rate may start rising to make payments unaffordable... Stable interest rates are nearing their natural end... In 2007 I was looking at a nice J....in 2008 I moved up to considering a missile... in 2009 I bought an Ovation... all at the same price point... What is very different this time... the unemployment rate hasn’t begun to rise... Inflation hasn’t started spreading.... we aren’t seeing any raises in pay yet either.... PP thoughts only, not an economist... Best regards, -a- Quote
NJMac Posted February 10, 2019 Report Posted February 10, 2019 2007 economics are starting to show up in small quantities... Low interest rates are promoters of taking on financial risk. Use caution with anything that uses a variable interest rate. The low interest rate may start rising to make payments unaffordable... Stable interest rates are nearing their natural end... In 2007 I was looking at a nice J....in 2008 I moved up to considering a missile... in 2009 I bought an Ovation... all at the same price point... What is very different this time... the unemployment rate hasn’t begun to rise... Inflation hasn’t started spreading.... we aren’t seeing any raises in pay yet either.... PP thoughts only, not an economist... Best regards, -a- I tried to buy 2 acres of commercial land a week or so ago with a written offer of what they paid last a bit over a year ago. Seller countered with his full asking price. The "market" is funky right now. I think wise buyers would be sitting on their hands right now. Wise sellers would be acting quickly. Sent from my SM-G930V using Tapatalk 4 Quote
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