Re: Seeking input on compassionate HOA calculation
From: Sharon Villines (sharonsharonvillines.com)
Date: Fri, 7 Dec 2007 14:53:42 -0800 (PST)

On Dec 7, 2007, at 5:41 PM, Christine Sizer wrote:

Hi all -
I'm researching the concept of adding a compassionate component to the
calculation of our cohousing HOA fees.

The major issue here is compassionate for whom? People's income is not an accident. They make life choices that determine their income. Bad things do happen but the impact on income is often short-lived.

Some people choose low paying jobs because they like the work; others choose not to work at paying jobs at all. They work only long enough to pay bills for a few months.

Others have a lot of money but they also work 10 hours a day, six days a week.

Some don't work and live on inheritances but they also live very frugally in order to make their money last.

A single parent refuses the help that is available from state programs because he/she wants the former spouse to pay up.

Which of these people do you want to be financially compassionate toward? Which one deserves your money on a monthly basis and for how long?

I'm also curious to learn how other communities calculate their HOAs.

Ours are calculated 50% based on the percentage interest (which is roughly the size of the unit) and 50% is shared equally. The equal sharing of 50% is unusual but does balance out the fact that each unit has one parking spot and equal access to the guest rooms and commonhouse.


Sharon
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Sharon Villines
Takoma Village Cohousing,Washington DC
http://www.takomavillage.org


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