Cohousing-L Mailing List: Condo/Coop

[gpye (gpye]

Charles Ehrlich wrote:
> From cohousing-l [at] uci.com  Thu May 11 07:04:00 1995
> Posted-Date: Thu, 11 May 95 02:04 CDT
> Received-Date: Thu, 11 May 1995 03:08:56 -0400
> Date: Thu, 11 May 95 02:04 CDT
> Message-Id: <v01510100abd764ca64a9@[199.4.64.239]>
> Errors-To: fholson [at] maroon.tc.umn.edu
> Reply-To: cohousing-l [at] uci.com
> Originator: cohousing-l [at] uci.com
> Sender: cohousing-l [at] uci.com
> Precedence: bulk
> From: chas [at] innernet.com (Charles Ehrlich)
> Subject: Condo/Coop
> X-Listprocessor-Version: 6.0 -- ListProcessor by Anastasios Kotsikonas
> 
> 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
> 
> 
>