Re: 50+ and affordable - Face to Face?
From: Stuart Joseph (stuartcaercoburn.org)
Date: Mon, 2 Jul 2007 11:18:12 -0700 (PDT)
Sharon,

Sharon Villines wrote:
On Jun 30, 2007, at 6:55 PM, Marganne wrote:

 I'm curious
about how you managed to keep your estimate to $100,000 each.
Approximately how many square feet will the house be? [snip] meet mortgage concerns, yet leaves you feeling secure in your
resale value -- it's wonderful!

Be very careful when you believe that small units will not be in demand or have resale value. These statements are often made by real estate agents who get larger commissions from larger units so they prefer them. In Manhattan some agents won't handle studio apartments (500 sq ft) because they have to deal with people with "no" money and there is just as much paper work involved.
Which means that there is a demand created for the folks that can only afford a studio apartment or want to downsize.

BTW, "no money" in NYC, doesn't always mean "low income."
That doesn't mean there isn't a demand; it just means you don't need an agent to find it. It finds you.
Sell it yourself and save the commission.
Sharon
----
Sharon Villines
http://www.sociocracy.info

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Stuart Joseph, 802-463-1954
Project Director
Caer Coburn, a traditional village based upon cohousing  and intentional 
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