Lake Naomi Topics: Taxes on Leased Lots

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	Name:	Osms -
	Subject:	Taxes on Leased Lots
	Date:	5/17/2005 10:23:49 PM

The BEST way to have a lot is to have bought it 20 years ago. Today, I feel that the best way for most folks is to lease. For $250/mo I have secured 360 ft of waterfront, that is 25 feet deep 40 feet from shore, with a view that extends for over a mile without a house in sight. True, you lose the chance for appreciation of the land, but you also don't have to pay for the high price of the land. If I had to buy my lot my monthly would probably be around $1800-2000 plus the house. At least, in my case, I don't have to WISH I could afford a place at the Lake--I've got one.