What is it worth?

[caa0428]

Just an update for anyone curious, owner and I are on 2 different planets, which was to be expected, sentimental value is an X factor just as much as corrosion. I don't see this one flying again anytime soon, after much thought I am not 100% sure a Mooney would've been a good fit for my mission with an ever expanding family, may look into something a bit larger and slower like a Cherokee 6 or Saratoga that maybe more practical in the long run. Thank to all that weighed in!

[Rwsavory]

6 hours ago, caa0428 said:

Just an update for anyone curious, owner and I are on 2 different planets, which was to be expected, sentimental value is an X factor just as much as corrosion. I don't see this one flying again anytime soon, after much thought I am not 100% sure a Mooney would've been a good fit for my mission with an ever expanding family, may look into something a bit larger and slower like a Cherokee 6 or Saratoga that maybe more practical in the long run. Thank to all that weighed in!

Thanks for the update. That the owner over-values his derelict airplane will surprise very few people here. A fancy term for this phenomenon is the “endowment effect.” https://en.wikipedia.org/wiki/Endowment_effect 

In my own locale I have observed the same behavior with people that inherit dilapidated houses.

[Fly Boomer]

11 minutes ago, Rwsavory said:

Thanks for the update. That the owner over-values his derelict airplane will surprise very few people here. A fancy term for this phenomenon is the “endowment effect.” https://en.wikipedia.org/wiki/Endowment_effect

You learn the darnedest things on MooneySpace.  I find it interesting that the behaviour is also exhibited by great apes.