Logan Martin Lake Topics: Show me the money

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	Name:	MotorMan -
	Subject:	Show me the money
	Date:	5/11/2005 3:01:59 PM

APC leases:

It is very simple. In 60 or so years, your house will be a "tear down" (maybe sooner) and a lot lease holder will have nothing. Southern co (SO) owns APC
I own Southern co. stock and I think this will raise SO stock prices. Now, 95% of SO income comes from electric sales. In 20 years this percentage will fall as land rental incomes raises.

A builder freind bought his lease when it was $100/year. It would now be $3300/year and he might have to sell.

There are some ratty houses for sale around $240,000. Buy one, tear down the house (about $10,000) and build new.

In 20 years\ a Lake Martin lot may be worth a million.
If anyone doubts this, look at Wisconsin's Lake Geneva. 50 years ago a cottage sold for $40,000. now a million

I would only lease land to plant a crop or hunt on.