OUTSTANDING video & what a GORGEOUS aircraft...CONGRATULATIONS! I'm on the verge of buying another aircraft, (something fast for cross-country) after having owned an experimental Acrosport 2 Biplane twenty years ago. Just like in your video, the best piece of advice I got from other aircraft owners back then was: "So what are you actually going to DO with the airplane?" Another buddy told me, 'Yeah, it's not cheap, but in 100 years, it won't matter!" Life is short, treasure every day, for tomorrow may not come. THANKS for the perspective & taking us along on your adventure!
Kurt, The timing of watching your video today could not have been more fortuitous and spot on. As I listened to you examine and evaluate the ownership considerations, I felt that you were articulating everything that’s been going on in my head relative to the same considerations. I abandoned the potential of purchasing a Cessna or a Piper many months ago, leaning toward a Trinidad TB 20, and then a Commander 114 B. Then, I began researching Columbia 350s and 400s, these, of course, being progeny of Lancair. I found your rationale and logic to be superb. Considering your thoughts echoed mine, how could I think otherwise.😊 I sincerely appreciate the time you had taken to put this valuable video together.
I’m not a pilot. I never expect or intend to be one. I have something approaching a phobia of flying. Therefore, my “mission” (believe it or not) is to watch excellent UA-cam shows about planes and flying such as this one. Thanks for allowing me to accomplish this.
@Pi In The Sky - your video really was concise and informative. No time wasted at all. Have you heard of the JMB VL3? That too has been catching a lot of attention. I've read that FAA will be introducing new MOSAIC rules on light aircraft in the near future, and that this is expected to significantly change what's being offered in the marketplace. There may be a lot more of these better-performing light aircraft coming out in the not too distant future.
@@manofsan Thank you for the comment. I am always amazed at what folks are doing with AULs or LSAs ... really solid performance. I have seen the VL3 before but know relatively little about them. Beautiful aircraft!
Best ownership video I have seen. information provided that other videos don't cover, such as subscriptions. I love your approach to covering distance with economy. Also, your attention to detail in maintaining a reliable and capable aircraft. Mostly, your video is free of ego. Thank you for a video with out narcissism. You have great empathy for pilots at all levels of experience and situation. Sorry, a lot of thought for one video. Beautiful plane.
I started flying 20 years ago. I can't even afford to rent anymore much less buy. Gas hike in 2004 pretty much ended my flying when it doubled or tripled rental cost. Your plane would be the one I would buy. Always loved the Legacy and i'm super jealous! Very nice plane you have.
Thank you Dwayne, I appreciate the comment, and I get it. Yep, everything across the board is more expensive than when I first started ... gas is up for sure, but insurance took a jump it never recovered from after Sept 2001.
Same with me. So now I"m a CFI in paragliding and do tandem flights and acro paragliding in SoCal,and also the last 15yrs hanggliding. It;s incredibly fun, technical and adventurous for sure! My dad had a couple of fast twins and my gpa flew and uncle was a fighter pilot. I also fly PPG (Powered paragliders and ultralights too) for fun in Mexico and various parts fo the world. As I watched this video i thought "man I want to fly GA again, but also thought, I can get so much more gear and instruments and wind in my face and para hunt all over the country, for 3 mths of GA flying again. Maybe someday hopefully. Loved this video.
You have a beautiful plane. My wife and I have been deep in fractional ownership airline operations for over 20 years. We have a daughter, she said ‘My parents work for insert airline name and I have never flown’. As a kid we had an Arrow II my dad used in his law practice but we took it on vacation and at the time $50 hamburgers. I lost my medical but my wife is a pilot with over 200 hours in Arrows. I found one I liked bought it and it is in annual now. I am the experienced pilot but my wife, daughter and future son in law will be flying it so it had to be as safe as I could get. Nothing could beat a Piper, s-i-l and I are big guys so we need the most HP we can get. I learned in a 150, the kids will learn in a 172 but they will fly the Arrow once they get their license. They are already fighting who gets copilot, so I think the family likes the new toy. I think my s-I-l and I will either go for something real fast or a flying Jeep once he gets licensed. The girls have mentioned how much better the Arrow flys with just them in it so I think we are being chased off.
A build would be ideal because you get the plane exactly how you want it, but it's the most time consuming and expensive of the two options. I quickly realized I was neither a craftsman or a test-pilot so the choice to buy was simple after that.
As someone who as built airplanes before, airplane builders and pilots are different people. Some love to build and some just want to fly. If you have the urge to work on car engines, fixing mechanical things, then you will find aircraft building extremely gratifying. If none of these interests you, then building airplane will be the most frustrating thing you will do. Trust me, I've seen many people thought they could build an airplane but gave up, not because they didn't the skills, it was never their passion to build.
Totally agree. After I sold the Glasair and started renting again, I found that after a time I was getting demotivated to fly. At the time I thought aircraft ownership was a tad too stressful, but have now come to the conclusion that, for me, ownership is the preferred option. As an MBA, I couldn't resist building a spreadsheet with all estimated costs, including annuals, insurance, airport fees, engine and prop allowances and opportunity cost of investment; and found that (again, for me), 80 hours a year is the break even point where ownership costs equal rental costs - based on a $100,000.00 Lancair 360 210hp IFR model. There is also an additional 'X-Factor' that needs to be considered - the excitement of a high performance experimental compared with the Cessna/Piper/Beech offerings. Thanks for posting.
As an almost-qualified pilot I am starting to think about all the issues you cover so this is really helpful. Also your delivery style is so refreshing compared to a lot of video makers who seem to think they are the next big social media/TV personality. You are calm and considered just like a serious pilot should be! Very envious of your Lancair, a beautiful and very capable aircraft that is one of those featured on my current wish list. Fly safe!
I'm 200 hours into ownership and I agree with everything you said. Thanks for sharing. The Legacy is on my shortlist for when I'm ready to move up. Yours is beautiful.
That is a gorgeous airplane! I'm in the process of buying my next airplane. Just lost $900 on a pre buy on a RV-6. Poor construction and cancellation fees for the money I wired added up. I'm getting sick of traveling all over the country only to find that planes aren't in good shape or that there are serious problems. Buying and selling these things isn't fun. It's worth it in the end (when you find a good one) though.
Thank you for the comment. I totally get it, and I had a bit of the same experience. Racked up lots of air miles looking, but hang in there. As you said, it'll be worth it in the end. Always loved the RV-6 and 7 line (and currently share a hangar with an RV-7).
Totally agree. I was a renter for way too long. Stagnation is the best word to use. That was me. I don't quite own my own, but co-own with 2 other pilots in a great Mooney. It stretched my flying skills for the better. BTW for your plane, 100 knots over the fence on landing,.. wow, that's fast.
Great balanced critique. Renting or even being in a group owned aircraft syndicate, means that you don't know what happened to the aircraft since you last flew it, so have to be so careful and vigilant. Even as an instructor, I always had to assume the previous student and instructor had done something or left something undone, which could turn my day into a particularly bad one. Owning an aircraft and having exclusive access must mitigate this significantly.
That is a really good point, and it factors into my checklist and checklist procedures to this day. As sole owner you know _exactly_ the state of your aircraft. Thanks for the comment, appreciate it
Thanks for the comment. Absolutely, partnership is a great way to go. The range of options from sole-ownership to full-blown flight-school rental is a spectrum, and where you end up is a statement on how much you can afford and how much you like sharing your toys :) Although partnership reduces the chances of schedule conflict, it does not remove it.
yeah, I got my first cheap LSA in an 8way ownership. It's basically always available, people very rarely fly and basically costless for me. Virtually no financial burden yet I have a plane. Quite something. Two of the owners are mechanics and do the checks.
@@2ris2 I think 8 owners is a bit on the high end for availability, depends on how much the others fly. Myself, I've joined a partnership with 4 other guys for a nice C182. It's been a fantastic year. It all depends on how well you get along with the other guys, one can also share a week/weekend with another pilot
Wonderful narration on flying; thank you! I've been flying since 1978. I still get a thrill out of going to work and seeing my aircraft awaiting me! I can't wait for my first venture into ownership. Thanks again!
Thanks for sharing this. I found your thought process interesting and it clarified a few things for me. It's unlikely I'll ever fly at this point but I do enjoy hearing others experiences. Cheers.
Congrats on ownership and reaching the 100 hour mark. Regarding cost, there is an hourly cost in fuel, oil and time on the engine. Of course the big one is the time on the engine before overhaul. Whether you bank those dollars as you go, bite the big bullet when the time comes or eventually sell and pay the cost in depreciation or reduced appreciation ultimately the cost gets paid. Enjoy and stay safe.
Thank you @British Nomad! Hope everything goes well with your bird ... getting her back in the air sounds like the right thing to do. I also hope your weather in Sweden is better than what we're seeing in Canada :)
Great video. Thanks. Especially love the comparison between finances and the other advantages (e.g. being able to take an aircraft away for a week in summer). I remember something said years about about the finances: "If it floats, flies or f*^@s, rent it".
@@PiInTheSky The community needs more guys like you making content. You and I share a very similar story - I just moved up to a CE-500. Started out in simultaneous SR-22, M-20J, 182RG, etc. partnerships. It’s a really nice way to learn every aspect of ownership before diving in.
I to wanted the same thing......I could never afford what you purchased, But I still wanted speed. I researched a long time before I found what I wanted. The cost of the aircraft, hanging. and maintenance was all within my reach. >>>>>UNTIL
Steve, sorry to hear, but you're absolutely right, of all the costs on that list insurance can be the toughest one to get past. I don't know how the system works in the US but you can get better rates at some brokers than others here so it pays to shop around.
Thanks to the UA-cam algorithm I discovered your channel. What a nicely narrated reflection on your aviation journey. Glad you’ve found an aircraft that fits in with your aspirations Thanks ! I’ve subscribed.
What an amazing video! It's all about perspective. It is easy to see that you fly and have purchased a plane purely for the love of flying and the challenges. I fly drones simply because I could never afford flight school or my own airplane. It's the closest thing to flying that I can afford and I love it! Thank you for sharing your insight and I am positive this will encourage others to get into flying or take it to the next level! I hope you achieve your end goal if you haven't already. Cheers!
An awesome comment, thank you for leaving it! Flying can be expensive or inexpensive (generally just expensive :) but taking some introductory flights at a local school can give you taste of what it's about. After that it's budgeting and saving :) Appreciate your feedback!
Aircraft ownership is an expensive hobby. It works best when your business requires travel. Then your operation, maintenance, hangar and insurance costs are tax deductible.
Wow, I didn’t expect to connect with your video so much. I never thought I would be saying this, but I too am struggling with keeping flying exciting. I think I’ve found myself chasing the next rating instead of enjoying the ride. I’m glad you’ve found your passion again. I don’t think I’ll be far behind in purchasing my own aircraft to enjoy. Thanks for taking the time to make an excellent video.
Excellent, descriptive video...thanks!. I get a lot from these sorts of videos, spend some time on Microsofts Flight Sim 2020 and I'm lucky to have a high spec pc along with a Oculus VR headset with a preference for the smaller diamond or the gravel (Alaska) craft, flying across the US in small 2 to 3 hour hops and seeing the landscape change etc, is an experience I'll never get for real, but flying around in a VR setup and seeing videos from people like yourself helps the whole experience.... thanks again...
Thanks for the comment! As you describe it, it IS an experience that is maybe not as far away as you might think. Check out a local flight school for an introductory flight...see where it takes you. All the best!
Great video. You did it! Some how you communicated how spending ridiculous amounts of time and money pursuing something that few people understand, can be so enriching and challenging. Safe flying and hope to see more videos!
I was in a partnership then bought the plane. Within 200hrs of me joining, the prop needed a rebuild at a cost of $5,000. Then after I bought it, the cylinders needed to be replaced at a cost of $10,000, then other odds and ends. I ended up selling to one of the former owners at the same cost. All in all, I spent more money owning than renting by a factor of 3 for the amount of time I flew, but it was worth it. I went everywhere and took my family everywhere. I wouldnt have traded that time for anything.
Absolutely great video. I went the other way and bought before I started training. Now found I don't fly that much. You say buying changed everything for you, which it does. However, the type of plane is what makes the bigger difference.
Thanks, appreciate the comment! Agreed, finding a plane that does the things you want is pretty key, but I also think I was just tired of working around other people's schedules with renting, and that's no longer something I deal with.
My Cardinal is in pre-buy right now and is pretty much sold. I guess I'll find out how the rental thing works now. Until I can get the Velocity I want.
Hey man, GREAT video! Thanks for sharing your thoughts and insights into your purchase. Huge inspiration for younger pilots. Hoping to get my own plane some day!
Congrats on the purchase. I don’t have my certificate yet and I’ve been looking at owning an experimental Sling. Subscribed and looking forward to more videos. Thanks for the video 🤗
Thanks Terence. One of my goals with doing this (I am not a professional UA-camr or Video guy - clearly!) is to inspire, so I'm hoping it does to some small degree.
Congratulations Pi, what a refreshingly candid introduction to your story. Generally I wouldn't make a comment until I had viewed the whole video, but (maybe, just maybe it's because I have never owned my own plane, regretfully after many years flying). Now what else do you have for me as I watch the rest of your story. Thank you in advance!
Thank you I loved this, it was so informative. I so wish I was where you are! (Maybe someday) I love the plane, it is a big plus on my wish list! ha ha
Another aspiring (youngish) pilot here. I've been trying to understand the economics of it all. Getting my PPL is not at all close to out of the question, but maintaining, in particular affording, the hobby without ownership while managing all of the inherent rental disadvantages with scheduling-- I often wonder whether its even worth it at all. Granted, I own a modest and extremely affordable home with a Honda Civic in the driveway; I don't spend extravagantly and have no children- there is an opening for an expensive pursuit of passion. While potentially uncouth, an open and accurate total cost analysis of your journey I'm certain would be valuable to those of us interested in the hobby! Excellent work on this video and I look forward to the 500 Hour Reflection!
Why don't you make aviation as your career. Make a goal of getting the commercial and CFI after your PPL so you can add time, and then with time and experience, you may get the chance to fly for an airline. As you progress through your aviation career, you will have a different perspective of aircraft ownership, flying, instead of it being just another hobby. I was just like you at your age. I was fortunate that I had a career that I like that I was willing to delay the gratification of airplane ownership until I was older.
Very well rounded review of aircraft ownership: Many videos cover the numbers, but I like how well you articulate the growth mindset and adventures that ownership brings to a pilot. Cheers
Glad I found your video. My thoughts are heading the same direction of yours. So many times I've tried booking a rarely used private hire (that's an excellent machine and a great price). But other bookings plus serviceability (mostly maintenance induced) mean I missed half a summer of flying.
Thank you SO much for this video! I got at exactly the same point after 15 years of renting -- all the same issues. Indeed, i might get my own ride very soon.. Thank you!
You got the algorithm! CPL(H) Student here, cant wait to own my own, wish helis cost the same as planes sigh no such thing as a 50k helicopter unless you want to fly a blender in the air without a cabin in a gyrocopter
Thanks, and yes, the algorithm kicked in a big way, kinda surprising! Prices on all things heli are nuts, but I would like to take some lessons to see what it's like.
Having commercially flown both helis & fixed wing for over 35 years, your heli at work will probably not be something you can personally afford (well, I sure couldn't!) As I'm now "semi-retired," I fly an open-cockpit Autogyro MTO Sport dressed in a T-shirt & jeans in nice weather at about 500' AGL all over Bavaria, Germany. When it's a bit colder, I take the Autogyro Calidus, which has an enclosed cabin and flies at about 90 knots. While they don't hover, it's still EPIC to hear the blades overhead and with about 15 knots of wind, it's a zero ground roll landing. Best of luck & keep chasing your dreams, Erebus!
...and now for the remainder of the story. Really well done Pi. Beautiful airplane, and the enjoyment and satisfaction of it reflected in your voice matches that of the machine itself. Well done on the research, the analysis of what you really wanted the plane to give back to you and the your ultimate choice of which type was right for you. Clearly you made the congruent choice. What you want to do with the airplane is a huge question and many do not thoroughly think this question through, I think partly because we don't really know. We haven't experienced what we could do and what our preferences are without first actually experiencing them. Also as you related, our preferences change over time. I really liked your motivation to grow as a pilot and be challenged to become a better pilot. Flying one type consistently (and frequently)is how you really get to know a plane. With the benefit of owning that can be achieved. As I said, really well done. Subded.
OUTSTANDING video & what a GORGEOUS aircraft...CONGRATULATIONS! I'm on the verge of buying another aircraft, (something fast for cross-country) after having owned an experimental Acrosport 2 Biplane twenty years ago. Just like in your video, the best piece of advice I got from other aircraft owners back then was: "So what are you actually going to DO with the airplane?" Another buddy told me, 'Yeah, it's not cheap, but in 100 years, it won't matter!" Life is short, treasure every day, for tomorrow may not come. THANKS for the perspective & taking us along on your adventure!
Great video! Just bought my first airplaine 90 days ago!
Thanks for the comment, and congratulations on getting your bird!
Beautiful plane, hope you’re still enjoying it.
Very much, thanks Doug. Just recently flew her back from California to Eastern Canada. A dream machine.
Glad you are happy with your purchase despite the costs. Safe flying!
Kurt, The timing of watching your video today could not have been more fortuitous and spot on. As I listened to you examine and evaluate the ownership considerations, I felt that you were articulating everything that’s been going on in my head relative to the same considerations. I abandoned the potential of purchasing a Cessna or a Piper many months ago, leaning toward a Trinidad TB 20, and then a Commander 114 B. Then, I began researching Columbia 350s and 400s, these, of course, being progeny of Lancair. I found your rationale and logic to be superb. Considering your thoughts echoed mine, how could I think otherwise.😊 I sincerely appreciate the time you had taken to put this valuable video together.
Eric, thank you for the great comment - I appreciate hearing that the message resonated. Will you be going down the path of a Columbia?
@@PiInTheSky Unless something unforeseen occurs, it certainly is looking that way. 😊👍
I’m not a pilot. I never expect or intend to be one. I have something approaching a phobia of flying.
Therefore, my “mission” (believe it or not) is to watch excellent UA-cam shows about planes and flying such as this one. Thanks for allowing me to accomplish this.
What an awesome comment. Thank you for leaving it. Kinda makes it all worthwhile ... :)
@Pi In The Sky - your video really was concise and informative. No time wasted at all. Have you heard of the JMB VL3? That too has been catching a lot of attention. I've read that FAA will be introducing new MOSAIC rules on light aircraft in the near future, and that this is expected to significantly change what's being offered in the marketplace. There may be a lot more of these better-performing light aircraft coming out in the not too distant future.
@@manofsan Thank you for the comment. I am always amazed at what folks are doing with AULs or LSAs ... really solid performance. I have seen the VL3 before but know relatively little about them. Beautiful aircraft!
take a discovery flight it’s an amazing experience
Congrats - you may have just saved $500,000 in aircraft costs over a typical holding period!
Awesome, well thought out and balanced video.
I love to see GA content from the True North Strong and Free. Keep it up!
Happy to hear you enjoyed, thanks for leaving a comment.
Best ownership video I have seen. information provided that other videos don't cover, such as subscriptions. I love your approach to covering distance with economy. Also, your attention to detail in maintaining a reliable and capable aircraft. Mostly, your video is free of ego. Thank you for a video with out narcissism. You have great empathy for pilots at all levels of experience and situation. Sorry, a lot of thought for one video. Beautiful plane.
Thank you so much for the comments, greatly appreciated :)
Good point, Wolf, content beats
slick self promotional, snarky,
channel owners any day.
Excelente excelente plane 🛬🛩️🇺🇸👍 congrats 👏🏼
Thanks for the comment!
I started flying 20 years ago. I can't even afford to rent anymore much less buy. Gas hike in 2004 pretty much ended my flying when it doubled or tripled rental cost. Your plane would be the one I would buy. Always loved the Legacy and i'm super jealous! Very nice plane you have.
Thank you Dwayne, I appreciate the comment, and I get it. Yep, everything across the board is more expensive than when I first started ... gas is up for sure, but insurance took a jump it never recovered from after Sept 2001.
Same with me. So now I"m a CFI in paragliding and do tandem flights and acro paragliding in SoCal,and also the last 15yrs hanggliding. It;s incredibly fun, technical and adventurous for sure! My dad had a couple of fast twins and my gpa flew and uncle was a fighter pilot. I also fly PPG (Powered paragliders and ultralights too) for fun in Mexico and various parts fo the world. As I watched this video i thought "man I want to fly GA again, but also thought, I can get so much more gear and instruments and wind in my face and para hunt all over the country, for 3 mths of GA flying again. Maybe someday hopefully. Loved this video.
You have a beautiful plane.
My wife and I have been deep in fractional ownership airline operations for over 20 years. We have a daughter, she said ‘My parents work for insert airline name and I have never flown’.
As a kid we had an Arrow II my dad used in his law practice but we took it on vacation and at the time $50 hamburgers. I lost my medical but my wife is a pilot with over 200 hours in Arrows. I found one I liked bought it and it is in annual now.
I am the experienced pilot but my wife, daughter and future son in law will be flying it so it had to be as safe as I could get. Nothing could beat a Piper, s-i-l and I are big guys so we need the most HP we can get.
I learned in a 150, the kids will learn in a 172 but they will fly the Arrow once they get their license. They are already fighting who gets copilot, so I think the family likes the new toy. I think my s-I-l and I will either go for something real fast or a flying Jeep once he gets licensed. The girls have mentioned how much better the Arrow flys with just them in it so I think we are being chased off.
Great choice this is one of my favourite air craft 👍
This has always been my dream plane as a kid. At this point I’m Deciding whether or not I’ll build my own kit or buy complete. Thanks!
A build would be ideal because you get the plane exactly how you want it, but it's the most time consuming and expensive of the two options. I quickly realized I was neither a craftsman or a test-pilot so the choice to buy was simple after that.
As someone who as built airplanes before, airplane builders and pilots are different people. Some love to build and some just want to fly. If you have the urge to work on car engines, fixing mechanical things, then you will find aircraft building extremely gratifying. If none of these interests you, then building airplane will be the most frustrating thing you will do. Trust me, I've seen many people thought they could build an airplane but gave up, not because they didn't the skills, it was never their passion to build.
Awesome video. Super informative. Tailwinds to you and your beautiful ship sir!!
This kind of challenge is worth every penny.learning and .sharing
Totally agree. After I sold the Glasair and started renting again, I found that after a time I was getting demotivated to fly. At the time I thought aircraft ownership was a tad too stressful, but have now come to the conclusion that, for me, ownership is the preferred option. As an MBA, I couldn't resist building a spreadsheet with all estimated costs, including annuals, insurance, airport fees, engine and prop allowances and opportunity cost of investment; and found that (again, for me), 80 hours a year is the break even point where ownership costs equal rental costs - based on a $100,000.00 Lancair 360 210hp IFR model.
There is also an additional 'X-Factor' that needs to be considered - the excitement of a high performance experimental compared with the Cessna/Piper/Beech offerings. Thanks for posting.
You're welcome, thanks for the comments.
As an almost-qualified pilot I am starting to think about all the issues you cover so this is really helpful. Also your delivery style is so refreshing compared to a lot of video makers who seem to think they are the next big social media/TV personality. You are calm and considered just like a serious pilot should be! Very envious of your Lancair, a beautiful and very capable aircraft that is one of those featured on my current wish list. Fly safe!
Chris, thank you for the comment, and glad you enjoyed the video! Fly safe as well.
High quality narration
I'm 200 hours into ownership and I agree with everything you said. Thanks for sharing. The Legacy is on my shortlist for when I'm ready to move up. Yours is beautiful.
Thanks for the feedback, Jeff! Really appreciate it.
That is a gorgeous airplane! I'm in the process of buying my next airplane. Just lost $900 on a pre buy on a RV-6. Poor construction and cancellation fees for the money I wired added up. I'm getting sick of traveling all over the country only to find that planes aren't in good shape or that there are serious problems. Buying and selling these things isn't fun. It's worth it in the end (when you find a good one) though.
Thank you for the comment. I totally get it, and I had a bit of the same experience. Racked up lots of air miles looking, but hang in there. As you said, it'll be worth it in the end. Always loved the RV-6 and 7 line (and currently share a hangar with an RV-7).
Yep… I’m in the same exact situation: my flying time is decreasing due to the combination of availability and weather. I need my own plane!
Totally agree. I was a renter for way too long. Stagnation is the best word to use. That was me. I don't quite own my own, but co-own with 2 other pilots in a great Mooney. It stretched my flying skills for the better. BTW for your plane, 100 knots over the fence on landing,.. wow, that's fast.
THANKS, have fun!
Great balanced critique. Renting or even being in a group owned aircraft syndicate, means that you don't know what happened to the aircraft since you last flew it, so have to be so careful and vigilant. Even as an instructor, I always had to assume the previous student and instructor had done something or left something undone, which could turn my day into a particularly bad one. Owning an aircraft and having exclusive access must mitigate this significantly.
That is a really good point, and it factors into my checklist and checklist procedures to this day. As sole owner you know _exactly_ the state of your aircraft. Thanks for the comment, appreciate it
Well that’s an honest question for the same question I had. Thnx
Cool story. I like the way you think. You went straight for a Lancair for your first plane, that's a bold move.
Nice presentation, nice airplane. Wishing you continued enjoyment and safety with your airplane.
What a great comment, thank you very much for taking the time to write it!
Excellent clip and great info here! Thanks!
Wow thanks for the inspration.
Glad you enjoyed, thanks for dropping the comment, Mike.
I'm in a partnership. Highly recommended. Splitting annuals etc. 3 ways is much nicer on wallet.
Thanks for the comment. Absolutely, partnership is a great way to go. The range of options from sole-ownership to full-blown flight-school rental is a spectrum, and where you end up is a statement on how much you can afford and how much you like sharing your toys :) Although partnership reduces the chances of schedule conflict, it does not remove it.
yeah, I got my first cheap LSA in an 8way ownership. It's basically always available, people very rarely fly and basically costless for me. Virtually no financial burden yet I have a plane. Quite something. Two of the owners are mechanics and do the checks.
@@DanFrederiksen Are you able to take your aircraft on weekend trips and such with there being 8 owners?
@@2ris2 I think 8 owners is a bit on the high end for availability, depends on how much the others fly. Myself, I've joined a partnership with 4 other guys for a nice C182. It's been a fantastic year. It all depends on how well you get along with the other guys, one can also share a week/weekend with another pilot
I understand the attraction of shared ownership, but I get a kick out of full ownership - it's my plane, I don't share it :o ;)
Awesome. Thanks for the video. Reminds me of what we have when we're airborne.
Great video man, thank you for narrowing it down. This plane is the one
Thanks for the awesome comment James!
Wonderful narration on flying; thank you! I've been flying since 1978. I still get a thrill out of going to work and seeing my aircraft awaiting me! I can't wait for my first venture into ownership. Thanks again!
Christian, thanks for the comment, and post back here please when you get that first bird ...
Yes it is worth it! You can leave work in the summer be home at 5pm and then head to the hangar for an evening flight.
Nice video, beautiful airplane. Love the large viewing area.
Thanks for sharing this. I found your thought process interesting and it clarified a few things for me. It's unlikely I'll ever fly at this point but I do enjoy hearing others experiences. Cheers.
Thanks Darrell, appreciate the comment.
Thanks for sharing your thoughts
You're welcome, thanks for the comment.
Congrats on ownership and reaching the 100 hour mark. Regarding cost, there is an hourly cost in fuel, oil and time on the engine. Of course the big one is the time on the engine before overhaul. Whether you bank those dollars as you go, bite the big bullet when the time comes or eventually sell and pay the cost in depreciation or reduced appreciation ultimately the cost gets paid. Enjoy and stay safe.
Excellent video. Hopefully, one day I’ll be in a similar situation. I’ll certainly keep this video in mind should such an occasion present itself.
Awesome video and info! Thank you for sharing!!
Thanks for the comment Hugo, glad you enjoyed it!
Very well done. I've owned a 360 (mk ll) and a Lancair IV. Now flying a Baron with a different mission. The Legacy is a beauty. Enjoy!!
Thanks for the comment, Mark! Would love to fly a IV one day and compare.
Thanks so much for sharing this... I have been looking into the evolution
Thanks Paul, glad you enjoyed. The Evolution is an absolute beast! Good luck!
Brilliant video... my plane has been hangered for over a decade and now i am thinking of getting it current :) greetings from Sweden
Thank you @British Nomad! Hope everything goes well with your bird ... getting her back in the air sounds like the right thing to do. I also hope your weather in Sweden is better than what we're seeing in Canada :)
@@PiInTheSky I remember once somebody told me that Canada is just a magnified version of Scandinavia... so weather is rather similar 😅🙃
Great video. Thank you for sharing. It's inspirational and I wish you all the luck and joy in your coming adventures.
Thank you so much for the feedback, glad you enjoyed!
Great video. Thanks. Especially love the comparison between finances and the other advantages (e.g. being able to take an aircraft away for a week in summer). I remember something said years about about the finances: "If it floats, flies or f*^@s, rent it".
Congratulations on your Lancair. What an amazing bird. Very well photographed too, I will watch this many times.
Thank you for the comment, glad you enjoyed!
Damn good video, thank you.
Damn good comment :) Thank you James, glad you enjoyed.
@@PiInTheSky The community needs more guys like you making content. You and I share a very similar story - I just moved up to a CE-500. Started out in simultaneous SR-22, M-20J, 182RG, etc. partnerships. It’s a really nice way to learn every aspect of ownership before diving in.
@@jameshuggins7320 Appreciate that James, responses like that make it worthwhile to me.
I to wanted the same thing......I could never afford what you purchased, But I still wanted speed.
I researched a long time before I found what I wanted.
The cost of the aircraft, hanging. and maintenance was all within my reach. >>>>>UNTIL
Steve, sorry to hear, but you're absolutely right, of all the costs on that list insurance can be the toughest one to get past. I don't know how the system works in the US but you can get better rates at some brokers than others here so it pays to shop around.
Thanks to the UA-cam algorithm I discovered your channel. What a nicely narrated reflection on your aviation journey. Glad you’ve found an aircraft that fits in with your aspirations Thanks ! I’ve subscribed.
Thanks Graeme, really do appreciate the subscribe!
What an amazing video! It's all about perspective. It is easy to see that you fly and have purchased a plane purely for the love of flying and the challenges. I fly drones simply because I could never afford flight school or my own airplane. It's the closest thing to flying that I can afford and I love it! Thank you for sharing your insight and I am positive this will encourage others to get into flying or take it to the next level! I hope you achieve your end goal if you haven't already. Cheers!
An awesome comment, thank you for leaving it! Flying can be expensive or inexpensive (generally just expensive :) but taking some introductory flights at a local school can give you taste of what it's about. After that it's budgeting and saving :) Appreciate your feedback!
Aircraft ownership is an expensive hobby. It works best when your business requires travel. Then your operation, maintenance, hangar and insurance costs are tax deductible.
@@arthurmontana8791 Yes, if you have a business, then tax laws (depending on the country you live in) can definitely help reduce some of the costs.
Wow, I didn’t expect to connect with your video so much. I never thought I would be saying this, but I too am struggling with keeping flying exciting. I think I’ve found myself chasing the next rating instead of enjoying the ride. I’m glad you’ve found your passion again. I don’t think I’ll be far behind in purchasing my own aircraft to enjoy. Thanks for taking the time to make an excellent video.
Thanks so much for your thoughtful comment. Looking forward to hearing about your purchase down the road!
Awesome video, great job explaining a complex process...i can see why you like flying and why you're good at it.
Appreciate the feedback, and thank you!
Hope to see more of your videos on your future trips and training.
Cheers!
For sure, thanks Roy!
Very well done Video. Enjoyed it. Gorgeous airplane you got there. I don't think you will ever regret that.
Excellent, descriptive video...thanks!. I get a lot from these sorts of videos, spend some time on Microsofts Flight Sim 2020 and I'm lucky to have a high spec pc along with a Oculus VR headset with a preference for the smaller diamond or the gravel (Alaska) craft, flying across the US in small 2 to 3 hour hops and seeing the landscape change etc, is an experience I'll never get for real, but flying around in a VR setup and seeing videos from people like yourself helps the whole experience.... thanks again...
Thanks for the comment! As you describe it, it IS an experience that is maybe not as far away as you might think. Check out a local flight school for an introductory flight...see where it takes you. All the best!
Excellent video! Very inspiring. Thanks for putting the time in to make this.
Thank you Andrew, glad you enjoyed.
An absolutely awesome and informative video. 4:09 - 4:40 says it all in terms of where I am regarding my flying status.
Thanks for the comment!
Your Vlog is very inspirational thx!
Thank you for the comment.
Excellent content and video, wow! Love your choice of plane too, happy flying
Thanks Greg, appreciate the feedback.
Beautiful flying machine, congratulations
Thanks Robert, appreciate the comment! One of my criteria was the plane had to have _some_ curves :) Lacair (most of the models) fit that bill well!
Boy you really hit home on thoughts I am having. Excellent! Stay Safe.
Happy to hear it resonated. Thanks for the comment, Rene!
Great video. You did it! Some how you communicated how spending ridiculous amounts of time and money pursuing something that few people understand, can be so enriching and challenging. Safe flying and hope to see more videos!
Thanks so much for leaving the comment and glad you enjoyed it!
Top-notch video. Thank you.
thanks for the comment Bruce!
Superb informative and no hype video, thanks for sharing with us.
Thanks for the comment Noel.
I was in a partnership then bought the plane. Within 200hrs of me joining, the prop needed a rebuild at a cost of $5,000. Then after I bought it, the cylinders needed to be replaced at a cost of $10,000, then other odds and ends. I ended up selling to one of the former owners at the same cost. All in all, I spent more money owning than renting by a factor of 3 for the amount of time I flew, but it was worth it. I went everywhere and took my family everywhere. I wouldnt have traded that time for anything.
Awesome perspective. Thanks for sharing!
Thanks for the comment, Bob!
Some really good information here. Thank you and look forward to seeing your flying adventures.
Thanks!
Darn lucky man to have the resources to have a new IFR single aircraft. Level Wings , my friend.
Absolutely great video. I went the other way and bought before I started training. Now found I don't fly that much. You say buying changed everything for you, which it does. However, the type of plane is what makes the bigger difference.
Thanks, appreciate the comment! Agreed, finding a plane that does the things you want is pretty key, but I also think I was just tired of working around other people's schedules with renting, and that's no longer something I deal with.
My Cardinal is in pre-buy right now and is pretty much sold. I guess I'll find out how the rental thing works now. Until I can get the Velocity I want.
Incredibly well presented and solid content. Thank you very much!
Thanks for the feedback, I really appreciate it. I hope to get my next one out in the next few weeks, stay tuned.
I can’t wait to buy my first plane hopefully later this year.
Hey man, GREAT video! Thanks for sharing your thoughts and insights into your purchase. Huge inspiration for younger pilots. Hoping to get my own plane some day!
Thank you Thomas, one of my goals with this video was to inspire, so really appreciate the comment!
Wonderful. I got my IFR in a Mooney and have been dreaming about Reno and a move to a Super Legacy. Keep us posted on your Reno goal!
Thanks for the comment, Doug, will do!
Great video !!! Good luck with your 2 bucket list items and finishing your IFR ticket. Cheers from Akron, Ohio.
Thanks Joyce!
This is was very informative. My brothers and I are thinking of owning also.
Thanks for the feedback, Terence.
Nice job and airplane I have a Piper Arrow but wish I could move up like you
Thank you for the video.
Congrats on the purchase. I don’t have my certificate yet and I’ve been looking at owning an experimental Sling. Subscribed and looking forward to more videos. Thanks for the video 🤗
Thanks for leaving the comment. Sling looks like a nice aircraft, and I hope I get a chance to fly one down the road.
This is really good to hear about your experiences in this area.
Thanks Terence. One of my goals with doing this (I am not a professional UA-camr or Video guy - clearly!) is to inspire, so I'm hoping it does to some small degree.
Congratulations Pi, what a refreshingly candid introduction to your story. Generally I wouldn't make a comment until I had viewed the whole video, but (maybe, just maybe it's because I have never owned my own plane, regretfully after many years flying). Now what else do you have for me as I watch the rest of your story. Thank you in advance!
Beautiful airplane! Glad it’s working out for you.
Thanks for the comment!
Thank you I loved this, it was so informative. I so wish I was where you are! (Maybe someday) I love the plane, it is a big plus on my wish list! ha ha
Thank you for the comment, Skyla. Glad you enjoyed the video.
Another aspiring (youngish) pilot here. I've been trying to understand the economics of it all. Getting my PPL is not at all close to out of the question, but maintaining, in particular affording, the hobby without ownership while managing all of the inherent rental disadvantages with scheduling-- I often wonder whether its even worth it at all. Granted, I own a modest and extremely affordable home with a Honda Civic in the driveway; I don't spend extravagantly and have no children- there is an opening for an expensive pursuit of passion. While potentially uncouth, an open and accurate total cost analysis of your journey I'm certain would be valuable to those of us interested in the hobby! Excellent work on this video and I look forward to the 500 Hour Reflection!
Why don't you make aviation as your career. Make a goal of getting the commercial and CFI after your PPL so you can add time, and then with time and experience, you may get the chance to fly for an airline. As you progress through your aviation career, you will have a different perspective of aircraft ownership, flying, instead of it being just another hobby. I was just like you at your age. I was fortunate that I had a career that I like that I was willing to delay the gratification of airplane ownership until I was older.
One of the few videos to mention the costs of subscriptions. Thank you.
You're welcome, and thanks for the comment.
Beautiful Ride!
Very well rounded review of aircraft ownership: Many videos cover the numbers, but I like how well you articulate the growth mindset and adventures that ownership brings to a pilot. Cheers
Thanks for the comment, appreciate it!
If I had to go back to renting I'd probably stop flying! Nice plane! Have MORE FUN!
Hahaha, maybe me too :) Thanks for the feedback!
Glad I found your video. My thoughts are heading the same direction of yours. So many times I've tried booking a rarely used private hire (that's an excellent machine and a great price). But other bookings plus serviceability (mostly maintenance induced) mean I missed half a summer of flying.
Thanks for the comment, and glad it struck a chord. Hope you find something that works for you.
Thank you SO much for this video! I got at exactly the same point after 15 years of renting -- all the same issues. Indeed, i might get my own ride very soon..
Thank you!
Awesome, glad you enjoyed, and thanks fo rthe comment! You're pretty close to where I was when I started thinking seriously about buying.
If you're not a member of LOBO Please consider joining. Great information!
Nice video. Thanks for sharing
Thanks for the comment!
Excellent.
You got the algorithm! CPL(H) Student here, cant wait to own my own, wish helis cost the same as planes sigh no such thing as a 50k helicopter unless you want to fly a blender in the air without a cabin in a gyrocopter
Thanks, and yes, the algorithm kicked in a big way, kinda surprising! Prices on all things heli are nuts, but I would like to take some lessons to see what it's like.
Having commercially flown both helis & fixed wing for over 35 years, your heli at work will probably not be something you can personally afford (well, I sure couldn't!) As I'm now "semi-retired," I fly an open-cockpit Autogyro MTO Sport dressed in a T-shirt & jeans in nice weather at about 500' AGL all over Bavaria, Germany. When it's a bit colder, I take the Autogyro Calidus, which has an enclosed cabin and flies at about 90 knots. While they don't hover, it's still EPIC to hear the blades overhead and with about 15 knots of wind, it's a zero ground roll landing. Best of luck & keep chasing your dreams, Erebus!
...and now for the remainder of the story. Really well done Pi. Beautiful airplane, and the enjoyment and satisfaction of it reflected in your voice matches that of the machine itself. Well done on the research, the analysis of what you really wanted the plane to give back to you and the your ultimate choice of which type was right for you. Clearly you made the congruent choice. What you want to do with the airplane is a huge question and many do not thoroughly think this question through, I think partly because we don't really know. We haven't experienced what we could do and what our preferences are without first actually experiencing them. Also as you related, our preferences change over time. I really liked your motivation to grow as a pilot and be challenged to become a better pilot. Flying one type consistently (and frequently)is how you really get to know a plane. With the benefit of owning that can be achieved. As I said, really well done. Subded.
Warren, thank you for the thoughtful comment. It's support like this that pushes me to get more stories out there.
Highly informative videos , keep it up!
Thanks for the comment, Benni!
Beautiful aircraft
Really love the lancer. Hope can fly with you one day.
Thanks for the comment!
Awesome perspective on type of plane and what’s involved!😀
Thanks for the comment John!
Nice. Thank you.
Good luck on your trip to greenland. I have the same goal and the same route in mind but in my very slow PA-22... luckily I can carry a lot of fuel.
Thanks Peter! Let me know when you are planning on going, that sounds like an amazing trip in a PA-22!