Crap. My husband keeps the plane in a very nice T-hangar (in a building of 10 T-hangars) that he leases from a friend who owns several hangar buildings.
Now our friend is getting out of the biz, and is selling the hangars individually, and there would be some sort of LLC group to manage the upkeep and such of all 10 hangars.
So my husband wants to buy his hangar. They’re scarce around here, with long waiting lists. But $63,000? In economic times like these? He’s always maintained that a cash position is best, so we have the cash, but I’m having trouble seeing a luxury hobby piece of real estate being worth much if things go steeply south, which I do think any thinking person cannot deny is looking likely.
Unless we have to hide out in it or live in it.
What do you think?