I have recently sold off my boys toys....why? It suddenly struck me i wasn't using them anymore. At 64 years young I rode my Harley's maybe once a month if the weather was fine. Having $100,000 of motorcycles sitting in a shed was ludicrous even I could see that. My cruiser costing me $400 a week just to maintain and sit in the marina? Another waste of money. Large 4WD used to go bush maybe 2-3 times a year, I use another car for every day usage and then there was my wife's car. Therefore Giant 4WD...gone too, use maybe 6 weeks a year. I can justify the selling off because I can hire whatever I want whenever I want at a fraction of the cost of owning them. Not that the expense is a problem, it's just a total waste, I have long passed the time in my life where I need to brag my Harley is better than yours or my boat is bigger than yours or "what...you don't own an aeroplane?"
I had great intentions to buy my own plane, in light of the above and now knowing people who do own their own planes I decided against it. I know several pilots at the ASC who have owned their aircraft for several years and have a whole 100 hours up. IMHO, waste of a perfectly good aircraft. Don't get me wrong, the choice is theirs and they are happy with that choice and more power to them.
So I decided to hire and fly, at the ASC I CAN get an aircraft whenever I want to (weather permitting) there are half a dozen aircraft available to hire pretty well 7 days a week. Saturday and wednesday are a struggle due to training days. As a retired gentleman of leisure I can go just about any time I wish. THE BIGGEST ADVANTAGE, no ongoing costs I pay my $120 per flying hour and never have to worry about fuel, oil, maintenance, insurance, repairs, hanger fees etc etc. 50 hrs a year (more hours than a lot of owners I know) costs me a grand total of $6000. Less than the cost of insurance and hanger fees. I couldn't own/run a plane for anywhere near that cost for 12 months. 10 years hiring is less than the cost to purchase never mind run a plane. IMHO, the only way to fly.
Having said all that, if I had a property somewhere with enough room for an airstrip, I wouldn't hesitate to get an aircraft (maybe 2, one as a spare)