|Re: limited equity/market value||<– Date –> <– Thread –>|
|From: Robert Hartman (hartmaninformix.com)|
|Date: Tue, 4 Jan 94 10:12:42 PST|
Something that I've advocated for a while, but have yet to see actually done, is for the community to use the departing individual or family's share of equity to finance a down payment at 0% interest for them. This is the use to which most departing members would put the money when they cash out anyway. This way, the community gets to keep all the equity, while the departing family is not put at any hardship when trying to find a new place. Another option might be for the community to buy the departing family's new residence for them, and lease it to them for an amount equal to the monthly payment (including an amortized down-payment). This way, the community holdings increase, while the individual members get to live where they want--after spending enough time in the shared quarters to accumulate an adequate share of equity benefits. Please let me know if anyone tries making arrangements like this and how it works out! -r
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