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	Name:	roswellric -
	Subject:	Depends ...
	Date:	7/26/2006 3:02:35 PM

on how you look at the lease. Is it debt? You still have to make the payments just like debt. If it is $4800 per year that will finance about $700,000 worth of lot or $500,000 worth of lot plus real estate taxes. And you will have some amortization to make up for the escalating taxes.

I still say the lease is OK unless you get into a bidding war and have to front a lot of money to win the lease. Then the future value of the up front payment runs up the cost over the long run and I think you'll find the dog won't hunt.

hmmmm....where the heck is my old HP............