|Condo/Coop||<– Date –> <– Thread –>|
|From: Charles Ehrlich (chasinnernet.com)|
|Date: Thu, 11 May 95 02:04 CDT|
This is a posting on behalf of the Berkeley CoHousing on Sacramento Street. Responses will be forwarded to the group. ====================================================================== The Berkeley CoHousing on Sacramento Street is facing issues of how to choose the most appropriate legal structure for the ownership of the property. All but one of ten households currently resides at the site which was initially purchased as tennants in common. After the next phase of development which includes the building of four additional units and the refurbishing of many of the existing ones, the units will be fixed in price based on a number of criteria and sold back to each of the members with more-or-less traditional mortgages. The poster of this message did A LOT of searching through the CoHousing-L archives and delivered as much info to the group as he could find, but the group continues to feel a bit in the dark and hopes that others in the online CoHo community would be willing to share their current thoughts and feelings regarding the issue of weather to form a Condo versus a Co-Op legal ownership structure. What are the implications for obtaining mortgages? How does the legal structure influence interpersonal dynamics? If you could do it again, would you do it differently and why? Other concerns, issues, cavaets, etc. Much thanks, -Chas Ehrlich for -Martha Cain 2220 Sacramento St. Berkeley 94702 -chas [at] innernet.com -Digiteng [at] aol.com
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