Elizabeth City Topics: Show me the money

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	Name:	roswellric -
	Subject:	Show me the money
	Date:	5/11/2005 10:14:45 AM

Oh you are right... I didn't mention there is a good reason for leasing- it's more affordable. You get control of a lake lot for the equivalent of a lot for $75K or so in monthly payments. Even the current front end auction $$ compares well to the front end lot costs over buying since you would have to put down 10-20% on the lot. Can't buy anything good for less than $150K now. I just don't like the economics of the way AL Powers has it structured.

Now if there was little front end money and leases were decided by a lottery and the payment was a little less with some caps then it would be more interesting.