|Cohousing as Investment?||<– Date –> <– Thread –>|
|From: Gretchen (lauerwitterols.com)|
|Date: Thu, 14 May 1998 12:24:58 -0500|
Is it true that Cohousing tends to be at or above market rates as Rob Sandelin states? I'm asking because I consider conservation to be one of the big advantages of cohousing...i.e. working with neighbors to conserve time, money, energy, and resources. I also thought that was one of the original tenants of Cohousing philosophy...that it provided an option to lower income families and individuals who wanted to work together to save money and improve the quality of their communal life in the process. So, I'm wondering...is Cohousing just turning into a trendy, overpriced housing option? I'd like to hear about finances from people who are long term Cohousing residents...would you say Cohousing was a better financial investment then buying into a traditional neighborhood? Did the initial purchase price pay off long term in terms of savings on meals, transportation, child care and other shared resources? What kind of care costs for the common house and land did you face? And what about unexpected costs...how do you budget for them? Also, did anyone ever feel pressure to spend on community needs when there were conflicting family needs/goals? Sincerely, Gretchen Witt
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