RadioBanter - View Single Post

August 16th 04, 04:36 PM

(Steve Robeson K4CAP) wrote in message ...
Subject: FCC Office Testing History
From: (Quitefine)
Date: 8/11/2004 6:34 AM Central Standard Time
Message-id:

In article ,
(Len Over 21) writes:

In 1962 a Mooney single-engine, 4-place, retracts, gen-av
plane cost $30,000 with minimal electronics on board. Hull
insurance annual premiums for under-200-hour privates
was 10% of that! My present residence cost $30,600 in
1963. It's worth anywhere from $300,000 to $400,000 on the
market today (depending on the realtor).

Let's see....

If an investment of $30,600 is worth $350,000 after a
period of 41 years, the annual interest rate works out
to be approximately 6.015%

That's only a bit ahead of the long term inflation rate
A house has insurance, taxes, and general upkeep.

We are not impressed.

No...we are not.

And Lennie's home is just like his pilot's license...He ALMOST made it to
a license, and he ALMOST wound up in an $800K gated community. And he's ALMOST
a licensed Amateur...just has to drop in to the VE and take that exam...but
THAT won't happen either.

Lennie's life is a whole parade of "almosts".

Steve, K4YZ

Len, chin up. You're a lot better off than "not even close, but make
up for it by yelling alot."

"Sorry Hans, $999,999.99 DOES NOT a Millionaire Make!"

Hi, hi!