W8, in 1983 bank rates were 25% for short term loans and similar for 90 day bills and property was moving at record pace. $250K for a C150 seems wrong but believable, however and perhaps Gaunty, who did some time at Rex Aviation, (the Cessna dealers not the airline), could probably tell you what they were worth in 1970. I don't believe they were 10 times the average wage. In which case one new then and still flying probably represents good value. I do recall the Kiwi's buying all the OZ 152's and on-selling them back to the Yanks, but that's another story. Whatever, the SIDS can't be measured as part of the value if it can only be recouped in Australia.
Last edited by Frank Arouet; 11th Jul 2015 at 10:35.
Reason: Didn't the Nomad have elevator cracks?