Lake Marion Topics: wowhy i live on a deeded lot..

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	Name:	joint heir -
	Subject:	wowhy i live on a deeded lot..
	Date:	6/13/2009 10:00:04 PM

alahusker

I don't know what wowhy means since its not in my dictionary, but if it has to do with buying deeded lots versus renting lease lots, think about this: My leased lot is appraised at more than $300,000. The lease payment is about $6000 per year. At $6000/year in purchase payment it would take me 50 years (without interest) to pay for the lot--maybe 60 years with interest. In the meantime I can put the $300,000 I didn't spend to work, at interest only, at 5% which will pay me $15,000 per year--that's almost three times as much for me as my lease payment to AL Power. Do you begin to see the economic reason for leasing? Its true, I'm not developing any real equity, but my lot is still very marketable and I'm not going to live another 50 years and don't expect to take the equity with me. In this transaction I'm only concerned with minimizing my annual lease or purchase payment.

Other messages in this thread:

View Entire Thread

AL Power new leases - joint heir - 6/13/2009 2:02:41 PM

AL Power new leases - Feb - 6/13/2009 2:44:42 PM

AL Power new leases - joint heir - 6/13/2009 2:54:13 PM

AL Power new leases - Aquadelusional - 6/13/2009 4:48:43 PM

AL Power new leases - lucky67 - 6/13/2009 7:08:30 PM

wowhy i live on a deeded lot.. - alahusker - 6/13/2009 8:56:31 PM

wowhy i live on a deeded lot.. - joint heir - 6/13/2009 10:00:04 PM

don't tell apco - Kizma Anuice - 6/14/2009 6:59:50 AM

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