Interesting question.
I am a pilot who lives on a private airpark about 30 miles south of Piper aircraft in Vero Beach Florida.
& years ago I asked someone who works there why a piper J 3 cub costs 138,000 dollars as it hasn’t changed on bit in 50 years. Still thirty years ago you could get one for about 20,000 dollars.
He said they still could produce one for about 30 or 35 thousand dollars but had to charge 138,000 dollars.
The difference going directly into a slush fund to pay off future lawsuits and lawyers.
Folks would crash and die and their spouses would sue Piper instead of say the mechanic that screwed up. Or maybe even the Pilot.
Piper doesn’t produce J-3 s any more just much more expensive craft.
A jury would award stupid amounts for a guy earning 30,00 a year to his family.
By the way, there isn't enough money on earth that would entice me to live in that humid dump of a state of yours---http://www.freerepublic.com/focus/f-news/1869454/posts
I live in PSL, and I'm an instructor.
I haven’t done any instructing since Pan Am moved out of KFPR, but I still keep one PA28-151 that I tinker with on weekends while thinking about going back into business someday.
Interesting that Earl Hough just sold the Jet Center FBO - and the Tiki.
Do you live out on Aero Acres?