|Re: Newly married couples in cohousing||<– Date –> <– Thread –>|
|From: baschel (baschelksg1.harvard.edu)|
|Date: Thu, 18 Jan 1996 10:23:55 -0600|
Last week, MFN asked about recently married couples and first time homebuyers in cohousing. I'm getting married this summer, and my fiance and I have been looking at the Cambridge Cohousing group. We've put the decision on hold until we have a better idea what our life will look like next year. (I'm finishing grad school this spring, and need to find a job). However, we had several concerns that might be of general interest: 1. If we joined, we would be the youngest people in the group by at least five years. We kept on double-taking when people in the group referred to people in their thirties with children as "young couples." I suppose it's accurate, but what does that make us? 2. If we're going to join a cohousing group, we'd want to get a house that was big enough that we wouldn't have to move if we had children, particularly since the probability of being able to trade up within the project is not terribly high. But that would mean buying a larger house than we really need/can afford right now. 3. Because of the age gap, and because we aren't planning on having children for a while, if we have children they would likely be the youngest children in the housing by a significant margin. Having been the youngest in my extended family, I know that this can be problematic. I realize that there's not much a cohousing group can do about these concerns. The basic problem, as with most of these "diversity issues" is money - - not many people in our age range can afford to buy a house. We're very lucky in that Tony's folks would be willing to help us out on the downpayment as a wedding present, and even with that I have to admit that the idea of investing more than 100 percent of our net worth on something that is somewhat risky absolutely terrifies me. 4. Because we are at the start of our careers, there is a real possibility that for job or educational reasons, we would have to move within three to five years. Cohousing, particularly when it is just being developed, appears to be a significantly less liquid investment even than regular housing, which isn't terribly liquid. For these reasons, I would be very surprised to learn that there were many people in similar circumstances in cohousing. If I'm wrong, I'd love to hear more about what their experiences have been. In spite of all this, we're still seriously considering cohousing, because we're both terribly hungry for community. Elizabeth"No one has the right to despair. We all share the responsibility to hope." -- Oscar Romero
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