Thinking of buying a new Airbus 380 with all that money you have saved from your paper route? For a mere $319 Million Dollars you and your 500+ closest relatives and friends can travel long distance in style. (Save a little more money for the fuel as the tank is pretty good sized.)On the other hand you could invest in real estate. Unlike this pretty piece of personal property, real property like houses and condos tends to appreciate over time. We all know that cars lose a lot of their value as soon as they are driven off the lot? How much does this little winged toy depreciate yearly?
In Wenatchee and Leavenworth, where I sell real estate $319 million dollars could buy you a few houses. In fact, in 2006 you could have bought every single family house and condo (that's 1215 homes) in the entire region for $303,592,000 dollars. Just think about what you could do with the extra $16 million. Maybe buy a more reasonable plane like a Beaver or Piper Cub and your favorite restaurant, and a decent place on the beach in Hawaii. With 15-20% appreciation these days it seems like a better way to spend your money.
But hey, it's your paper route...
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