Re: limited equity co-housing | <– Date –> <– Thread –> |
From: Elizabeth Stevenson (tamgoddesscomcast.net) | |
Date: Mon, 22 Dec 2003 17:17:09 -0700 (MST) |
If I'm not mistaken, you can get a tax break for homeownership too, even though you don't get the big investment payback. This can be a big savings. Many people have tried and failed to finance cohousing this way, sadly. -- Liz Stevenson Southside Park Cohousing Sacramento, California lilbert [at] comcast.net > > Santa Rosa Creek Commons, 22 years old, is a limited equity complex > which has resulted in maintaining low prices. For less than $20,000 > maximum, people buy a share in the housing cooperative. That is 1/27th > of the total 1.5 acre complex with 27 apartments. When they leave, they > get it back. They don't lose money but they don't make money either. > Therefore, we are still offering share values for very reasonable > prices and monthly carrying charges below market value for local > apartments. > > This has worked well for us but it goes against the grain of making > money on real estate. > > We also do much of our own management work . > > At the moment, we have temporarily halted applications for single > adults and are actively searching for families with children. 10 of > our units are assisted living units. H Lewis _______________________________________________ Cohousing-L mailing list Cohousing-L [at] cohousing.org Unsubscribe and other info: http://www.cohousing.org/cohousing-L
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limited equity co-housing Harriet Lewis, December 22 2003
- Re: limited equity co-housing Elizabeth Stevenson, December 22 2003
- Re: limited equity co-housing Chris, December 23 2003
- RE: limited equity co-housing Cindy Howard, December 22 2003
- Re: limited equity co-housing Fred H Olson, December 25 2003
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