Yates Lake Topics: Sky-High-Bye-Bye!

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	Name:	TBird -
	Subject:	Sky-High-Bye-Bye!
	Date:	8/22/2005 3:10:54 PM

Read your post and if I may would like to add my two cents. The wife and I purchased a place just north of Sandy Creek about a year ago and we are slowly becoming fulltimers.

There are two APC lots near us available and one has a new home on it. The ad reads "3 bedroom 2 and a half bath on deep water lot. Stopped by and checked this one out as my daughter wants to buy on the lake.

There is no garage and the lot is very steep. The asking price is $325,000.00 with payments of $2,694.00 for 20 years. Quick calculations; $646,560.00 after 20 years of payments and then you own a home on an APC lot with an existing lease payment of $365.00.

No guarantee what the lease payments will be in the future.

Again, just our two cents worth.