Pietenpol-List: Pietenpol value....
Posted: Fri Oct 05, 2001 2:30 pm
Original Posted By: "Jack Phillips"
Corky,It would be a great shame if you don't finish that little air-plane. From the photo you sent me, it looks like a good job. I'm sure it will be one of the better Pietenpols when finished.Regarding the value of homebuilt airplanes, I don't know what the situation is in the USA. In Canada, a person isapt to recover approximately the cost of materials and parts without any consideration for the labor invested---and this applies to a completed and flying aircraft. Thereare exceptions of course, but inflation tends to blurr the picture and it is difficult to see whether you have brokeneven or lost some money.The most significant return on your time and money is inflying and enjoying your creation. No value can be assignedto something as precious as this. I've been flying my Pietfor 31 years as of next month (November 15) and considerit to be one of the most worthwhile investments I ever made.When I retire it, I hope to donate it to a museum becauseit owes me nothing. With this in mind, I do hope you will beable to keep your project, finish it, and fly and enjoy it as much as I have enjoyed mine. As I write this, it is a nice day out there. I think I'll go fly my Pietenpol and change its oil.Cheers, Graham________________________________________________________________________________
Corky,It would be a great shame if you don't finish that little air-plane. From the photo you sent me, it looks like a good job. I'm sure it will be one of the better Pietenpols when finished.Regarding the value of homebuilt airplanes, I don't know what the situation is in the USA. In Canada, a person isapt to recover approximately the cost of materials and parts without any consideration for the labor invested---and this applies to a completed and flying aircraft. Thereare exceptions of course, but inflation tends to blurr the picture and it is difficult to see whether you have brokeneven or lost some money.The most significant return on your time and money is inflying and enjoying your creation. No value can be assignedto something as precious as this. I've been flying my Pietfor 31 years as of next month (November 15) and considerit to be one of the most worthwhile investments I ever made.When I retire it, I hope to donate it to a museum becauseit owes me nothing. With this in mind, I do hope you will beable to keep your project, finish it, and fly and enjoy it as much as I have enjoyed mine. As I write this, it is a nice day out there. I think I'll go fly my Pietenpol and change its oil.Cheers, Graham________________________________________________________________________________