Lake Weatherford Topics: Sky-High-Bye-Bye!

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	Name:	TBird -
	Subject:	Sky-High-Bye-Bye!
	Date:	8/22/2005 7:34:57 PM

I appreciate your views, I was just stating that it was a lot of money for a house with no property. The example I stated was taken from the flier on the property. The lot lease went with the sale but you never really own the property. The interest charges on the home are deductable but the land lease payments are not. There are no assurances you will be able to retain the property at the current lease rate.

We are new to the lake and we bought our place with just over an acre of land and a brick home, two car garage and our payment for the whole package is under 1,800.00 a month.

True we shopped and found a place that was for sale by an anxious seller but just knowing the land under our feet belongs to us and not subject to negotiation every so many years is very reassuring.

I remember a post around the Thanksgiving/Christmas time frame by a lady who was giving up the family home that they had occupied for generations because the land was wanted for a development and the lease payments were unaffordable.

Again,we are the new kids on the block and just offering our two cents. No offense intended.