Win a Presidential plane... - page 4.

Betwrong

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Quote from: shoreno on February 04, 2020, 05:17:12 AM

~
strategy indeed because governments can be able to buy back it on the winner in much cheaper price plus they already earn a cash from the sold tickets . who knows , what if they will do a re raffle again using this plane ? . the cycle will just keep on repeating but who gives a sh*t with it . as long as we already sell the plane for some money we can now be happy and can also buy everything we wanted to have . the only problem is if we can win a kind of raffle like this because its also a one in a million chance

It's one in six million, to be more precise. But I like your assumption that the government could buy it back, and then arrange a new raffle. Do you know such examples from the past, btw? If I won this plane, I'd sell it half price at the first opportunity because it's not that easy to sell something for $65 million even if the real price for it is two times higher. It would be good for me, because $65 million is still a very good money, and it would be easy to do for the government with $150 million from the previous raffle.

shoreno

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Quote from: maydna on February 03, 2020, 09:42:42 PM

Quote from: fortunecrypto on February 03, 2020, 08:15:11 PM

Quote from: seoincorporation on January 21, 2020, 04:17:25 PM

This crazy idea is because the Mexican president wan to sell the plane to spend the money on other projects.

What do you think would you buy a ticket?

It's not a crazy idea at all because the money will be funded for the projects for the people of Mexico but the thing what will the president and the future president will use they will be opted for a commercial fight now that they are putting the plane in a lottery, but whoever wins it will be put in history and will also become an instant millionaire.

Perhaps, that is their plan or strategy to get more funds for their country. The government knows that not all people have big money to maintain the plane, so they thought that if someone wins the plane, they will resell it to the rich people, or they will sell it back to the government with cheap price. The important is people who win that plane can have the money which will be still bigger. They will not think about the project or the plan that the government has because if they can win and get the money, they will be happy.

strategy indeed because governments can be able to buy back it on the winner in much cheaper price plus they already earn a cash from the sold tickets . who knows , what if they will do a re raffle again using this plane ? . the cycle will just keep on repeating but who gives a sh*t with it . as long as we already sell the plane for some money we can now be happy and can also buy everything we wanted to have . the only problem is if we can win a kind of raffle like this because its also a one in a million chance

STT

legendary

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The Rolling Stones have been touring for 50 years and been making a hell of alot of money for themselves and everyone who travels with them, they can fully justify even the biggest airplane and its costs and even include it in a tax deductible scheme. Any time we have to deal with depreciating assets personally we're at a great disadvantage compared to a company and their lawyers and accountants all paid for to reduce the tax and make the operation of that asset viable. They dont even have to make any profit, just keep pushing the losses forward every year for six years and balance it vs any tax again helping to pay for it.
I dont think people can do that only companies, giant assets need clever heads to balance the books for all the fuel etc. I wouldnt think of owning this plane without an excuse to include it within a limited company balance sheet. Even a supercar I dont know, I think 1 year max then swap it for housing in some way. Maybe I could lease the car to a club that loans them out and ditto the plane, maybe its possible if lucky and a scheme will accept your random plane Shocked

mole0815

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you don't want to think about running costs like maintenance and service with such a machine.
the additional costs like kerosene, taxes and airport fees are enough to not want to experience a single flight Grin

for such fun you have to be president, john travolta, abramovich or a member of the rolling stones... but then you can even upgrade to a boing 767 Cool

Ucy

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Quote from: maydna on February 03, 2020, 09:42:42 PM

Quote from: fortunecrypto on February 03, 2020, 08:15:11 PM

Quote from: seoincorporation on January 21, 2020, 04:17:25 PM

This crazy idea is because the Mexican president wan to sell the plane to spend the money on other projects.

What do you think would you buy a ticket?

It's not a crazy idea at all because the money will be funded for the projects for the people of Mexico but the thing what will the president and the future president will use they will be opted for a commercial fight now that they are putting the plane in a lottery, but whoever wins it will be put in history and will also become an instant millionaire.

Perhaps, that is their plan or strategy to get more funds for their country. The government knows that not all people have big money to maintain the plane, so they thought that if someone wins the plane, they will resell it to the rich people, or they will sell it back to the government with cheap price. The important is people who win that plane can have the money which will be still bigger. They will not think about the project or the plan that the government has because if they can win and get the money, they will be happy.

The winner/winners will most likely need to sell It way below what it's claimed to be the cost... depending on the condition of the plane and its actual price in brand new condition.
Kind of looks like a crafty way to get many people to contribute for public projects(if this's really for building new projects)

rodskee

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Quote from: STT on February 02, 2020, 06:57:13 PM

Quote from: Janation on February 01, 2020, 12:49:36 AM

It is said there that the government will be giving 1 year maintenance for the presidential plane

.
In theory I'd love to be like John Travolta and own a plane like this, he lives on an airport runway and he has space by his front door to park his own plane Cheesy

is this real?John Travolta has His own planes Parking in his front doors?he made himself a hangar?damn that is pretty cool Knowing how popular John was?

but sad to say that majority of us here has no this kind of space and may not carry to handle a Plane if they are lucky to win the lottery,so i am sure it will only sell to the agent waiting in that raffle day.
if given a chance to buy a ticket even if i am not from mexico?sure i will try my luck also to at least owning a plane even in short period of time before selling to lower price.

maydna

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Quote from: fortunecrypto on February 03, 2020, 08:15:11 PM

Quote from: seoincorporation on January 21, 2020, 04:17:25 PM

This crazy idea is because the Mexican president wan to sell the plane to spend the money on other projects.

What do you think would you buy a ticket?

It's not a crazy idea at all because the money will be funded for the projects for the people of Mexico but the thing what will the president and the future president will use they will be opted for a commercial fight now that they are putting the plane in a lottery, but whoever wins it will be put in history and will also become an instant millionaire.

Perhaps, that is their plan or strategy to get more funds for their country. The government knows that not all people have big money to maintain the plane, so they thought that if someone wins the plane, they will resell it to the rich people, or they will sell it back to the government with cheap price. The important is people who win that plane can have the money which will be still bigger. They will not think about the project or the plan that the government has because if they can win and get the money, they will be happy.

fortunecrypto

legendary

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Quote from: seoincorporation on January 21, 2020, 04:17:25 PM

This crazy idea is because the Mexican president wan to sell the plane to spend the money on other projects.

What do you think would you buy a ticket?

It's not a crazy idea at all because the money will be funded for the projects for the people of Mexico but the thing what will the president and the future president will use they will be opted for a commercial fight now that they are putting the plane in a lottery, but whoever wins it will be put in history and will also become an instant millionaire.

livingfree

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Quote from: mole0815 on February 03, 2020, 11:03:42 AM

if I had the opportunity to buy a ticket I would certainly be part of it. even though I'm almost afraid of winning Grin

Yeah, everyone will think of how to take care of that plane whenever anyone from here becomes the winner.

Quote from: seoincorporation on February 03, 2020, 02:15:17 PM

Most of the people who win big prizes at the lottery ruin their lives, is funny because we think a lot of money can solve or life but big amounts of money come always with big problems and responsibility.

The big pot can easily be liquidated if the winner doesn't have a background in financing or budgeting. It's sad but it's happening in real life that there really were jackpot winners that also came back to their old lives after winning a jackpot.

seoincorporation

legendary

Activity: 3346

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Quote from: mole0815 on February 03, 2020, 11:03:42 AM

...
if I had the opportunity to buy a ticket I would certainly be part of it. even though I'm almost afraid of winning Grin

I know that feeling... Is like winning a big prize but a big problem at the same time. The first year is free, but after that, this plain can ruin lives.

Most of the people who win big prizes at the lottery ruin their lives, is funny because we think a lot of money can solve or life but big amounts of money come always with big problems and responsibility.

mole0815

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I'd be tempted to buy it off.
of course you have to read the fine print very carefully. 1 year service / parking space is included if I have the article correctly in my head.
only few people will be able to fly with it, because it costs a lot to move such a plane. so the plan would be to win + sell it "cheaper". but if it would be so easy to sell it, it would have worked out for sure. although if you
set the price at 10 million it would work out for sure... it doesn't have to be the whole 130 Tongue

if I had the opportunity to buy a ticket I would certainly be part of it. even though I'm almost afraid of winning Grin

carlisle1

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Quote from: seoincorporation on January 21, 2020, 04:17:25 PM

Mexico could raffle his presidential plane, the idea is to sell 6M tickets of $25 dollars each one, and the winner gets a presidential plane evaluated in $130 million.

it has been announced that the raffle is legit and will happening soon as the fabrication of tickets is now on process and may be ready sooner.

Quote from: seoincorporation on January 21, 2020, 04:17:25 PM

This crazy idea is because the Mexican president wan to sell the plane to spend the money on other projects.

this is not a crazy idea after all because he is aiming to use the money for more appropriate and functional ways since the President is not a luxurious type of person so he rather use the money in substantial ways than just this plane that he dont usually used.

Quote from: seoincorporation on January 21, 2020, 04:17:25 PM

What do you think would you buy a ticket?

if available in my country?of course i will sure buy at least 5-10 tickets since that is the amount i can spend for this gambling that offers a very rare chances of prizes.

seoincorporation

legendary

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Quote from: FlightyPouch on January 31, 2020, 09:17:31 AM

Quote from: ice098 on January 31, 2020, 06:42:39 AM

Yes, it could be one of the reason why you and also me, want to buy that ticket because we have an assurance that we may buy a ticket and won that price fairly since the president of that certain country is involved actually he is the one selling for the good of his country, so I hope we can buy also.

It seems that they are still not decided about putting the presidential plane in the lottery. It is said that the final decision will be said this upcoming February 15, we still need to wait.

https://mexiconewsdaily.com/news/airplane-raffle-undecided-but-tickets-designed/

Yep, the raffle is just an option, but the president in looking serious about this. So, looks like it will happen.

The fun fact is: The Mexicans will pay double for that plain... The first time while the president buys it without taxes, and the second one with the lotto. It isn't fair. But Mexicans don't see it.

STT

legendary

Activity: 4102

Merit: 1454

Quote from: Janation on February 01, 2020, 12:49:36 AM

It is said there that the government will be giving 1 year maintenance for the presidential plane

1 year is not the correct time frame to consider owning a plane so yea its nice but its not the long term solution. Great of them to allow a transition for the winner, that does make things alot easier but ultimately this question of usability has to be considered for most people as a liability to the asset. Same as owning any large asset, only houses are immediately relevant to people because they can put it to use every day personally so the effort and cost are personally justified.
I'm not criticising the idea of the government to raise funds especially but its not the dream prize many imagine unless its a qualified pilot whose buying the ticket then sure maybe :p same critic would apply to the supercar lottos that are far more common, most people cant justify holding such a thing but a car is usually more disposable and a more liquid market. I'm just applying standard rules of liquidity and fungibility, part of the background to BTC value is its incredible ease of use, storage and instant liquidity day or night but this is the oppisite.
In theory I'd love to be like John Travolta and own a plane like this, he lives on an airport runway and he has space by his front door to park his own plane Cheesy

pixie85

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Selling it wouldn't be very difficult. Many private companies need jets and I'm sure you'd be able to find a rich collector who'd take it of your hands.

Quote from: Betwrong on February 02, 2020, 11:23:40 AM

Quote from: aioc on February 01, 2020, 06:36:37 AM

~ if I am from Mexico I'll definitely going to buy a ticket.

Maybe you forgot about the price of one ticket, which is $25. As far as I know, not everyone in Mexico can easily afford to lose that amount of money. And since the chance of winning is 1 in 6 million, buying a ticket almost equals to throwing the money away. That's why the price for a lottery ticket in more economically developed countries is around $2-$3, not everybody can afford spending more than that on a ticket even there, let alone in Mexico.

This is true, the price is very high for a lottery ticket and the prize isn't as good as the money. You can spend money at any moment but a plane is a burden you'll have to sell or find another use for it like a tourist attraction.

Betwrong

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I stand with Ukraine.

Quote from: aioc on February 01, 2020, 06:36:37 AM

~ if I am from Mexico I'll definitely going to buy a ticket.

Maybe you forgot about the price of one ticket, which is $25. As far as I know, not everyone in Mexico can easily afford to lose that amount of money. And since the chance of winning is 1 in 6 million, buying a ticket almost equals to throwing the money away. That's why the price for a lottery ticket in more economically developed countries is around $2-$3, not everybody can afford spending more than that on a ticket even there, let alone in Mexico.

Mumbeeptind1963

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Quote from: aioc on February 01, 2020, 06:36:37 AM

People are going to buy a ticket because of, one the value of the prize he can always resell it at a much lower price or make a lottery out of it, or create a partnership with an airplane, and two he will go down in history as the first winner of a presidential airplane, anyway I looked at it he is a winner if I am from Mexico I'll definitely going to buy a ticket.

Yes If I will buy the ticket and won the prize, I will sell it in lower the price it could be, any thing could have a depreciation value, the year since it has been using and been sold , also I would sell it in airlines or maybe I would make it as a high class resto inside of it.

Quote from: Janation on February 01, 2020, 12:49:36 AM

Are you even reading the article?
It is said there that the government will be giving 1 year maintenance for the presidential plane so whether you use it or not, it will be taken care of. You should also not talk about this in advance since you are not sure if you are winning and the government of Mexico is still thinking about the lottery.

I do agree with this, everyone is being interested in buying that lottery ticket , I may say that it is not yet probable to win, there is a less than 1% winning rate in that particular raffle due to many people who will buy the ticket, and still we want to grab that chance, it only cost 25$ for a million of dollars in return !, investing 25$ is not as huge when yo may win the million or billion dollar plane with maintenance and came from the president, but the problem is, does the president still wants to sell that plane?

aioc

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Quote from: STT on January 31, 2020, 08:01:44 PM

Quote

What do you think would you buy a ticket?

Running costs make this a fairly awful idea, just the cost of renting storage space and insurance is going to be thousands as a cost as soon as the winner takes pocession. Its fine for anyone prepared but for everyone else half the stated worth because the winner immediately is in a fire sale or insolvent position of high asset low liquidity to service costs. You need to be a company to pull this off, it'd all work if the winner immediately can enter into some kind of lease agreement with an airline. Its not impossible but most people arent this organised.

People are going to buy a ticket because of, one the value of the prize he can always resell it at a much lower price or make a lottery out of it, or create a partnership with an airplane, and two he will go down in history as the first winner of a presidential airplane, anyway I looked at it he is a winner if I am from Mexico I'll definitely going to buy a ticket.

Janation

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Quote from: virasog on January 31, 2020, 09:31:34 PM

Quote from: STT on January 31, 2020, 08:01:44 PM

Quote

What do you think would you buy a ticket?

Running costs make this a fairly awful idea, just the cost of renting storage space and insurance is going to be thousands as a cost as soon as the winner takes pocession. Its fine for anyone prepared but for everyone else half the stated worth because the winner immediately is in a fire sale or insolvent position of high asset low liquidity to service costs. You need to be a company to pull this off, it'd all work if the winner immediately can enter into some kind of lease agreement with an airline. Its not impossible but most people arent this organised.

There will be no maintenance cost if you sell the plane immediately after winning it. But again you will not find many buyers for the place and the only potential buyer could be the private airline companies etc. Ordinary person could not afford to buy such an expensive plane with no use case.

Are you even reading the article?

It is said there that the government will be giving 1 year maintenance for the presidential plane so whether you use it or not, it will be taken care of. You should also not talk about this in advance since you are not sure if you are winning and the government of Mexico is still thinking about the lottery.

virasog

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Quote from: STT on January 31, 2020, 08:01:44 PM

Quote

What do you think would you buy a ticket?

Running costs make this a fairly awful idea, just the cost of renting storage space and insurance is going to be thousands as a cost as soon as the winner takes pocession. Its fine for anyone prepared but for everyone else half the stated worth because the winner immediately is in a fire sale or insolvent position of high asset low liquidity to service costs. You need to be a company to pull this off, it'd all work if the winner immediately can enter into some kind of lease agreement with an airline. Its not impossible but most people arent this organised.

There will be no maintenance cost if you sell the plane immediately after winning it. But again you will not find many buyers for the place and the only potential buyer could be the private airline companies etc. Ordinary person could not afford to buy such an expensive plane with no use case.

Topic: Win a Presidential plane... - page 4. (Read 2111 times)