|renting in cohousing||<– Date –> <– Thread –>|
|From: Denise Meier &/or Michael Jacob (dmmjncal.verio.com)|
|Date: Wed, 22 Sep 1999 10:25:29 -0600 (MDT)|
I clearly remember one time, when we were in the depths of financing difficulties, price increases, construction uncertainties, and feeling exhausted by the process and worried that my family might lose our whole investment (OK, it was ONLY money, but it was a LOT of money), some interested person called me to ask if there were going to be any rentals, and when I said no, not immediately, anyway, got really huffy about home ownership and exclusiveness, etc, etc, etc. And I got huffy back, and said i couldn't see why anyone would go through what my husband and I were going through to get this damn thing built in order to own investment property and rent it out to someone else, and that the cost of building just our own units was so high that no one wanted to speculate extra cash in order to jointly provide some rental units. I wish it were otherwise, but with California land prices, and with the model we used (self-developed), it would be difficult to find someone willing to go through this in order to provide rental property for someone else...(can you tell i'm still burnt out and angry at how hard this turned out to be?) Denise Meier Two Acre Wood Sebastopol, CAlifornia PS By the way we are all in, finally, as of two weeks ago, and looking forward to a whopping housewarming party this saturday. (9/25) Anyone in the area is more than welcome to attend! 1-5 pm. Email me for directions.
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