No.

(This is for owners based in the US, with US costs and typical US incomes.)

If your goal is to simply own an airplane, you can do that without spending a fortune. Plan on an old, simple, all metal two seater. Plan on buying one without fancy avionics. Buy one with faded paint, because you’re going to park it outside.

Focus on the fixed costs, not the direct costs. What can kill you are hangar, annual inspections, unplanned maintenance (i.e. shit breaks), and insurance. I’m ignoring depreciation because if it’s old enough, you’ll sell it for roughly what you bought it.

Ignore direct costs. Yes, fuel is $6/gal, but a) you should buy a 6 gal/hr airplane, and b) you won’t fly more than 150 hours per year. Fuel will be a tiny fraction of your annual budget. Yes, the engine overhaul will be $30K or more, but engines last 2000 hours, so $15/hr. Again, you won’t fly enough in a year for that to be significant.

If, and only if, you buy a simple, cheap two-seater. The minute you start moving up the range, the costs go up.

I speak as the owner of a 6,000 lb, 600 HP twin made in the 1960s, based in an area with very high real estate costs. My fixed costs, before I fly a single hour, are $50K/year, most of which is the hangar. It burns 30 GPH total, and each engine costs $70K to overhaul, but I don’t fly enough for that to outweigh the fixed costs. It makes zero sense, and it a completely emotional decision. I own it because I love owning it.