|Re: COHOUSING-L digest 134||<– Date –> <– Thread –>|
|From: Robert Hartman (hartmaninformix.com)|
|Date: Tue, 26 Apr 94 14:35 CDT|
> From: Rob Sandelin <robsan [at] microsoft.com> > Subject: RE: Limits to CoHousing > > Cohousing which uses the condominium, FMNA approved declarations, will > have little if any actual control over who can buy a home in the > community. In which case, making the policies about commitment, > statements of vision and values, clear to prospective buyers is what is > going to maintain the community value structure. Someone mentioned that the right of first refusal upon sale could be used to good effect here. If a cohousing group does a good job of marketing itself, it may well have a waiting list of congenial members waiting to buy. If the association has some equity, it may buy the unit itself and remarket it when a member needs to sell in a hurry and can't find a buyer that fits the community. Of course, if the waiting list gets too long then the people on it may just form up another group. But then, of course, the original cohousing group could apply some of its equity as collateral toward financing additional units for the new offshoot. ;^) -r
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