|Re: Affordability -- a new leaf||<– Date –> <– Thread –>|
|From: Realhome (Realhomeaol.com)|
|Date: Sun, 28 Aug 94 22:34 CDT|
Martin Tracy posted: >So is it cheaper or more expensive to buy into cohousing? From <Places Rated >Almanac: 1993> >Boulder, Colorado: average housing cost: $122,900. >Denver, Colorado: average housing cost: $101,400. >Nyland cohousing unit for sale in nearby LaFayette: $200,000 approx. In the Boulder/Denver area, currently experiencing significant immigration and corresponding rapid increases in housing costs, it's a bit unrealistic to compare a house on the market today to average prices (I assume "average housing cost" means price for a home, or is it some amalgamated statistic?) that were published in 1993 (who knows when the statistics were actually generated?). FYI, current average cost for a single family home in Boulder is, unfortunately, much higher than what you have here. To avoid any further misinformation, I won't quote the figure until I get a current figure from MLS stats available thru my local Board of Realtorsxxxxxx--I believe it's close to or over $200K. The Nyland home is priced comparable to other two-year old homes in areas around it, and has a lot more to offer in terms of community amenities. Much more useful and accurate and precise statistics like the ones you used are readily available from people and associations who are in the business of facilitating the buying and selling of homes every day. If you want such numbers, I would be happy to provide them for my locale and area of expertise. I don't think that your issue of affordability can fly in the face of market dynamics, which currently dictate that any house, in cohousing or not, located in the general Denver metro area will be more desirable (= more expensive--at least in a market economy) than the same house in rural Missouri or many other places. Is the way to make a home more affordable to locate it in an inaccessible, unattractive place? Probably not an effective solution for most. So subsidies and other "unnatural" means may be the only way. And I think that's fine, because affordability is a critical issue no matter where we live. But it's also a very relative concept, depending on the locale and the local economic factors. Chris Welch Perry & Butler Realty, Inc. 303/444-5525 303/444-5315 Fax Realhome [at] aol.com
- Re: Affordability -- a new leaf Jeffrey O. Hobson, August 18 1994
- Re: Affordability -- a new leaf mtracy, August 29 1994
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