|RE: Affordability/diversity/housing for the poor/rich, etc.||<– Date –> <– Thread –>|
|From: Rob Sandelin (floriferousmsn.com)|
|Date: Sun, 30 Jun 2002 11:04:01 -0600 (MDT)|
Creating a real estate development is difficult and expensive and requires a certain set of skills and capital. Creating affordable housing is another set of skills. Creating community, relationships and bonding, is a different set of skills. All these things can merge together in a cohousing development, but usually they do not. I recommend that if affordable housing is a goal that you find an affordable housing partner in the area rather than try to get that skill set yourself. Knowing the timelines and players in funding are special talents that affordable housing groups are well versed in. It seems like most groups, when they start, find themselves a mix of people who have a desire and vision for community, and sometimes very few have the economic ability to be homeowners. Most these groups are hopelessly naive, and disband within a year or two, never acquiring property. From my experience it seems about half the cohousing groups that initially form, fall apart within a year. Often this is because they lack capital and once they understand that nobody is going to do this work for them for free, they fold. I once visited a forming group that actually thought it was going to secure a site with no money. They found out quickly that in the world of real estate development, nobody will talk business with you unless you can put money down. Very rarely, does a group without significant capital achieve in creating a development, and these groups often take years of time and amazing personal heroics and sacrifices. Often individuals within a group use personal financial assets to carry members that do not have these. It would be an interesting study to examine how often early members without capital do not end up living in the final development. So the truth as I see it is that, without money, community groups seldom create anything, and certainly do not pull off multi-million dollar real estate developments. I have met lots of people who want this not to be true. Rob Sandelin Sharingwood --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.332 / Virus Database: 186 - Release Date: 3/6/02 _______________________________________________ Cohousing-L mailing list Cohousing-L [at] cohousing.org Unsubscribe and other info: http://www.communityforum.net/mailman/listinfo/cohousing-l
- Re: Diversity in Cohousing/rentals, (continued)
- Re: Affordability/diversity/housing for the poor/rich, etc. Paul Fenn, July 2 2002
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