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this post was submitted on 11 Sep 2023
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Mildly Interesting
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But, that's $100k for a hobby.
Like, you're almost certainly not using that plane to commute. You may use it instead of buying a commercial plane ticket when you go on vacation somewhere, but that's not saving you any money, it's likely costing you significantly more in storage fees, etc.
People who own planes aren't billionaire-rich necessarily, but they're still people who can afford hobbies that cost $100k.
They are multimillionaires but not the private jet money wealthy types.
The aircraft hold their value, and actually appreciate. The actual cost is about $10k a year. Lots of people spend far more than that on other hobbies.
Over half of all pilots in the US (200k) hold a commercial pilot certificate and use flying as their sole source of income or as a way to supplement their income. Commercial pilots makes $50k a year until they can become airline pilots which have salaries starting at $100k.