There can be a third dimension regarding whether to acquire the airplane or the hangar first – the vacation home. I can recommend acquiring the airplane first. Then, it’s necessary to purchase a vacation home to justify the airplane. Finally, one builds a hangar near the vacation home to “protect the investment.”
This is a companion discussion topic for the original entry at https://www.avweb.com/features/reader-mail/top-letters-and-comments-july-31-2020