I have to back this up.
There is not a day when I don't get PM'd or Emailed by a teenage Wannabe who has persuaded the bank of Mum & Dad to put their house on the line in order to finance their £80k dream.
Its shocking, worrying and wrong.
In 1997 when the RAF decided that they would probably cope without me it costs £41k to attend the full time CAP509 course at BAe in Prestwick. I thought it was a lot of money at the time. A decade later I find people without even a PPL being blase about spending double that and possibly adding a type rating for another £20k.
This has been the decade of loose money. Of hyper house inflation.
The next decade will be one of tight money. Of hyper house deflation.
There will be a big impact on Wannabes. I haven't quite got the mental capacity to work out just what the impact will be. But it will be big.
WWW