Hi there,
Me and a friend are looking at purchasing an aircraft for hour building, somwhere in the region of $20,000-$40,000 (planning to buy in the US and fly back here), so probably either a Cessna 150/152 or a Piper Cherokee though we are open to any suggestion about good cheap first aircraft!

The main problem is the running costs. Could any of you aircraft owners out there give me a rough estimate on the yearly running costs for your aircraft?
Cheers!