Fw: RE: Time for a vote on 081?

Tue Apr 21 09:49:46 EDT 2009

I don't think this email replied correctly.  It's hard typing on a little phone.

But as I was trying to say, I don't see things working if we have to
charge everyone a large fee upfront (especially for a so-so airplane). 
I think we're losing most right there.  A higher monthly fee would
probably go over before a buy-in.  So spreading out the costs over time
is going to be preferred I think. 

My other point with financing is that if we do finance it, someone has
to personally guarantee it.  Well, that's really no better than just
buying it.  Because if someone guarantees it without the ability to
actually afford it than that's foolish.  And then we'd be paying
interest to someone else and being our own scape goat for them (I
call that slavery myself).

So as I see it, the best option is for one (or two) of us to buy the plane and sell
it back at reasonable terms. We'll have to sit down and discuss this
and how/if we can make it work.  Since I am going to be on vacation from
Wednesday (tomorrow) until next Tuesday, and out of contact, Jim will have time to
check with the boss.  I'll a week to put a little thought into too.

Todd

--- On Mon, 4/20/09, Todd Brooks <toddmbs at yahoo.com> wrote:

From: Todd Brooks <toddmbs at yahoo.com>
Subject: RE: Time for a vote on 081?
To: "rhirving at verizon.net" <rhirving at verizon.net>
Date: Monday, April 20, 2009, 4:52 PM

Hey guys. I'm stuck in ATL. Anyone want to come pick me up?      Well, I seriously don't see this working if we have to collect a big upfront buy in from everyone. A
 modest intro deposit of course but not a big buy in.  To personally guarantee is not any better than just buying it.  So if we can afford it, we should buy it and charge the interest ourselves.  Jim, do you have that flexibility? Or anyone else?   Todd

Bob Irving wrote: 
> Todd - why don't you and Jim come up with a proposal as you both seem to be
> thinking alike?
> Bob
> -----Original Message-----
> From: eefc-core-bounces at workingcode.com
> [mailto:eefc-core-bounces at workingcode.com] On Behalf Of James Carlson
> Sent: Monday, April 20, 2009 2:53 PM
> To: Eagle East Flying Club Core Team
> Subject: RE: Time for a vote on 081?
> Todd
 Brooks writes:
>> As for 081, as I said before, I prefer it over 976.  The interior is
> newer.
> Really?  The interior (at least the upholstery) on 976 was redone this
> past September.
>> After this scenario runs it course as I see it happening (unless there
> turns out to be a big surprise), I'll make my last line proposal to keep
> this approach alive.  I can purchase 081 (or 976 if it's done right) and
> sell it back to the flying club.  I can "play the bank" (I'm really starting
> to dislike that phrase now).  I would like some help from one more of you
> (if possible) and the engine will be a whole other matter later.  
> Something like that is starting to look like the best answer to me.
> -- 
> James Carlson         42.703N 71.076W         <carlsonj at workingcode.com>
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