RE: Projected Costs vs Real Costs | <– Date –> <– Thread –> |
From: Rob Sandelin (robsanmicrosoft.com) | |
Date: Fri, 31 Mar 95 11:19 CST |
Bill Paiss wrote: >Early estimates are just estimates...but time and time >again when people hear that the preliminary estimated price of their home >will be between $90,000 and $140,000 they hear, "$90,000, great I can afford >that." This is the crux of the issue and very well stated. It would seem to be something to think about in terms of pre-qualifying members. If the range is 90 - 140K, then maybe, just maybe, you could ask that members financially qualify for the middle or slightly above, such as 120K. Then if costs are on the low scale, then you are doing OK, and if costs are on the high end it is less of a shock. Last weekend was a gathering of the local cohousing groups and I had a conversation with a very unhappy and bitter person who felt she had been mis-led about the pricing of units. I am pretty sure in fact, she was exactly what Bill described. She heard the low end estimate and said, great I can (barely)_ afford that. Then when prices later became real she had to abandon the dream. Now maybe if anybody knew what they were really getting into they would never do cohousing to start with, but in terms of financing stuff, maybe a little pessimism might be a good thing? At the gathering I heard several people talking about affordability, and I hope that they succeed, but I also found that many of those talking affordability were idealists who have no experience in such matters and only the vaguest of notions about the whole process. I will be interested to watch these projects and see how far they go and will pass along what ever successes they have, and will also try and detail their failures. Rob Sandelin Puget Sound Cohousing Network
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RE: Projected Costs vs Real Costs BPaiss, March 30 1995
- RE: Projected Costs vs Real Costs Pablo Halpern, March 31 1995
- RE: Projected Costs vs Real Costs Rob Sandelin, March 31 1995
- RE: Projected Costs vs Real Costs Mark Ontkush, March 31 1995
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