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Aircraft prices

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Original 1

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I'm wondering where we are headed as far as the used aircraft market is concerned. I have a good friend who has a newly restored PA-18-150 for sale that is absolutely gorgeous. He has advertised in local and national publications and has had minimal response. His asking price is well below replacement cost. As I look in Trade-A-Plane, Barnstormers, etc., I see aircraft for sale that cannot be duplicated for anywhere near the asking price. Please, this is not an invitation to create a political discussion, but, as far as aircraft values, where are we headed? GUP
 

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