Tuesday, Aug 19, 2008
Off-topic, another bubble linked to the super-bubble of finance
Flying Magazine: Was There an Airplane Bubble?
"THE value of anything, whether it be real estate, stocks or airplanes, is set by supply and demand. In the 1990s we clearly had a larger group of pilots with demand than there was supply at popular price points. ... Supply was constrained and prices went up. Now, without enough pilots to replace those who are timing out, demand for airplanes at all price points is shrinking slowly. Used airplane values haven't burst as much as the price of houses have in some locales, or some investments have after their bubbles ended, but we are returning to normal. Current airplane owners probably won't see appreciation, but then shoppers may now be able to qualify for ownership as prices come down."
Posted by drewster @ 12:18 AM (183 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.