|Re: 50+ and affordable - money||<– Date –> <– Thread –>|
|From: Stuart Joseph (stuartcaercoburn.org)|
|Date: Sat, 30 Jun 2007 10:37:12 -0700 (PDT)|
I agree. I also want to find folks that I can create a sense of community and good neighbors.My hand is up. The sexuality, political persuasion, color, religious beliefs of someone isn't as important as finding people who share my goals.
I'm wondering though, Marganne, why the aversion to having a mortgage? Notexpecting an answer - your way of managing money is your own business - but it struck me as interesting.One of the things I liked about the Caer Coburn project in Vermont was it's members can build their own houses their own way, giving them control over costs. This fits a variety of incomes.
Thank you for the compliment and the plug.
Mortgages are an entirely different thing. I live on a fixed income and but don't qualify for public housing or HUD homes, etc. If I'm going to spend less than $100,000 for a home less than 1,000 square feet, paying up front is an advantage. If I can do this, I can avoid trying to get a loan for such a relatively small amount from places who feel there isn't sufficient resale value in a home with less than three bedrooms. I probably would feel differently if I was still employed.We don't want a mortgage either, for reasons that i explained in another email, but we might have to get a small one if we don't get enough for the sale of our current house to pay for the new one. However, i think that there are banks that would be willing to lend money on places with less than 3 bedrooms- after all, they lend money on studio condos or co-ops, as well as 1-2 bedrooms. It just might take some searching to find that type of bank or lender.
Keep up the discussions, Marganne. i am glad you started this, it does seem to be a topic that a number of us are interested in. Of course, affordability will interest everyone regardless of age.
I get a lot of security knowing I'm debt-free.
I can relate. Have a great weekend. -- Stuart Joseph, 802-463-1954 Project Director Caer Coburn, a traditional village based upon cohousing and intentional communities in Rockingham, Vermont, USA http://www.caercoburn.org Mail to: 36 Front St. Bellows Falls, VT 05101 USA
- Re: Fair housing laws, (continued)
- Re: Fair housing laws Sharon Villines, July 3 2007
- How to develop a group for 50+ whie avoiding illegal discrimination dahako, July 2 2007
- 50+ and affordable Marganne, June 29 2007
50+ and affordable - money Marganne, June 29 2007
- Re: 50+ and affordable - money Stuart Joseph, June 30 2007
- Re: How to develop a group for 50+ without family, plus affordability Stuart Joseph, June 30 2007
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