|Low-cost cohousing? Anyone heard of DeGeorge||<– Date –> <– Thread –>|
|From: fertilezone (fertilezoneebox.oo.net)|
|Date: Sun, 4 Apr 1999 15:02:37 -0500|
A previous discussion explored how to minimize association fees or accommodate below median cost units, with new co-housing projects, by cutting common house construction, work shops, and other commons, (ie) no swimming pool issue. Or, if the project was developer contracted, another suggestion encouraged the member(s) with below average means to seek different loan sources in hopes of qualifying closer to the median unit cost. I just saw the DeGeorge home construction infomercial hosted by Robert Uric, TV personality who plays the captain of the new Love Boat series. It seems this DeGeorge company serves a remote role as both general contractor and loan agency. They claim to build homes, from the ground up, for people with annual incomes starting at US $30,000. They interviewed several owners claiming dramatic cost savings per square foot, or lower overall costs compared to the market rate of finished homes. Some internet discussions remarked that interest rates charged by DeGeorge may be too high during the construction process. Has anyone heard of DeGeorge before, or found any news / magazine article, or checked with any consumer reports or the Better Business borough. Regards, Roger R.
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