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	Name:	Osms -
	Subject:	Mav...
	Date:	7/24/2006 8:26:41 PM

I love these scenarios and I won't interfere with FEB,BUT I must raise a couple of points.
1. You've got 30 year financing on purchase but sale in 20 years. I do not have the software, but the balance due is going to be hefty.
2. 10% appreciation is large for the full 20 year period. We've just gone thru a high appreciation period and are looking at a nearly flat time in the future. Seven-eight per cent may be more like it.
3. Property tax increases of 3% are way out of reality since property is reappraised each year at actual values and the taxes will far exceed 3% increases especially in the last ten years. You are assuming that politicians will stick everyone equally--ain't gonna happen.
4. You are assuming that APCO will sell that lot at some time during the 20 years. Gee, I hope so!! For your problem assume the sale at 18 years so that you can enjoy the 500K deduction at 20 years.
5. The big question is: How much would APCO sell the lot to you for? Remember last time it was a deal. The killer to the problem would be your unannounced price of $1.8M--ain't realistic.