Comment by psunavy03
3 months ago
Newsflash: "planes are rich people's toys" has been killing general aviation already for a generation if not two.
3 months ago
Newsflash: "planes are rich people's toys" has been killing general aviation already for a generation if not two.
The rising costs have made that much more true, though. My step-dad had a gorgeous 1940s Luscombe that he paid ~35k for in the 90s. He lived in an airpark where he paid 280k for a nice 3br house with a hangar.
Good luck trying to replicate that now.
Having 85k of purely discretionary income (adjusting for inflation) is still pretty "rich people toy". That's about 105% median household income.
He had to get a loan for it, he didn't have that out of pocket.
And an upper-mid car is not by any means beyond the reach of many regular working class people.
I mean, 85k ain't that much different from a "middle. Luxury" car these days. You can definitely customize a Tesla and come out over 85k easily. Cyber trucks *stsrt" at 80k.
Im sure that person could have paid out of pocket. But I doubt he did.