Quote:
Originally Posted by GGG
Isn't this a major con for lake communities. It costs more to buy into a lake community so if you arent' going to use the lake you are paying interest on something that you don't need.
I think that when I was looking it was about 25k more for similar houses in lake comunities. In the end I chose lower cost for a similar house and proximity to fish creek over a lake. 25k at 3.5% is $875 per year plus your $250 lake fee is up to 1125 for the cost of a lake.
So taking two identical communities one with a lake and one without you have to get $1125 per year of more value out of the lake for that community to be better. So having a lake is not OBJECTIVELY better than not having one.
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Lake communities are like new cars. You pay more for benefits that seem real, but end up not using them much, making the extra money wasted.