While flying cars or jetpacks may not exactly be on the market, the personal jet may soon be. According to the Wired.com Autopia blog, the SubSonex is designed to be a modestly priced (that is, if you consider US$60,000 to be modestly priced) private jet that will also conveniently fit inside your garage.

However, the company has only performed ground testing and hence, it doesn’t have any real performance figures just yet but the jet is expected to cruise at more than 240 mph and climb at over 2,000 feet per minute. In other words, as close as most of us will ever get to flying a real fighter jet.

According the aircraft’s manufacturer, they are hoping to debut the jet at the AirVenture Aviation Show next July (and perhaps have it ready for Christmas….)