Appraisers and larger-than-needed cohousing units | <– Date –> <– Thread –> |
From: Bob Morrison (morrisontook.enet.dec.com) | |
Date: Thu, 2 Mar 95 15:39 CST |
On 23-Feb-95, Jim Snyder-Grant wrote in part: > Re: Cohousing costs and budgets > Housing (land and construction) is way expensive out here in the Boston > suburbs, plus in order to get to a reasonable match between appraisals > and construction costs we had to build relatively large houses. This sort of thing scares me. Once again, the tyranny of the appraisers raises its ugly head. Is there anything we can do to free ourselves from this tyranny? I am speaking not only for myself but also for many others when I say that I don't want or need a large home and don't want to pay for space I don't need, whether the home is in cohousing or not. The fact that I may get a higher percentage profit on resale if I buy a large home instead of a small one doesn't make be feel OK about this. Having to buy a larger home than I want means I will have to overextend myself financially and may not qualify for a mortgage at all. And that means I may have to forgo living in cohousing altogether. Could it be that people who would prefer to buy and live in small homes are being subtly discouraged from joining local cohousing groups by the prospect of having to buy more house then they want, resulting in groups that appear to be unanimously in favor of larger homes? Bob Morrison Home: Boxboro, MA Work: Digital Equipment Corp., Littleton, MA
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Appraisers and larger-than-needed cohousing units Bob Morrison, March 2 1995
- RE: Appraisers and larger-than-needed cohousing units Rob Sandelin, March 2 1995
- Re: Appraisers and larger-than-needed cohousing units Jim Snyder-Grant, March 3 1995
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