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	Name:	Maverick -
	Subject:	Here is One For You Feb
	Date:	7/24/2006 8:53:21 PM

Answer is if the lot appreciates 5.88% per year then the buy and lease lot are a breakeven.

However, if you place say a $500k house on both lots and the house appreciates 3.5% per year on both lots then to break even after taxes on the buy lot scenario is approx an annual appreciation or 11.1% or a $300k lot has to be worth $2.2 million in 20 years.

Yes OSMS you are correct, I am using very simple assumptions, the point I am trying to make is leasing a lot makes a lot more sense than it did 2 years or so ago based on the current cost of purchasing a lot at todays prices.