Mad Jock, do try to keep up.
Steve is suggesting buying the engines once I've flown as many as hours as I can before the airframes needs inspecting.
The value of the aircraft as a short term hour builder and then a spares bin may well outstrip even the most optimistic value of an inspected and repaired airframe.
I can see more Flight Sim fans getting a full front cockpit section real cheap and converting the garage like Steve Masson did for his Airbus.
As for the effect on schools, I think it will lead to a thinning of some fleets and better utilisation rates of the remaining airframes. That can only be good for everyone. Lower insurance and loads of "free" spares once you write off the aircraft not worth saving, which will normally be the oldest.