|Re: Average Turn Over||<– Date –> <– Thread –>|
|From: katie-henry (katie-henryatt.net)|
|Date: Wed, 6 Aug 2008 15:23:56 -0700 (PDT)|
Some semi-accurate statistics for Eastern Village (56 units; formed six years ago, moved in four years ago). Number of units resold by the original buyer after closing to present: 15 The reasons are divided about equally between the following: # Original buyer decided to not move in for health/age reasons and/or dismay at small size of unit when completed and/or ability to make a lot off money by immediately flipping unit after purchase. # Original buyer moved out of the area, or into assisted living. # Original buyer just wanted a condo, or never really participated, and eventually moved on. # Swapping of units between existing members. # Original buyer decided the community/cohousing wasn't right for them or couldn't afford it or relationship reasons. Number of the original 40 core members from initial formation still in residence: 25 Number of members who joined after the first year of formation but before move-in and are still in residence: 11 Number of current residents who moved in after initial move-in: 17 Many (most?) of the new members have been an improvement over their predecessors in level of participation, or at least in general pleasantness and likeability. A lot of them are friends of existing members. There were initially a lot of older residents (65 to 85) and single people, but they've mostly been replaced by couples having kids (16 kids so far, and more in the pipeline). That may be a factor of the large increase in prices from initial buy-in to the present. Referring back to an earlier posting: I never felt that people signing up were making any sort of long-term commitment to the community. DC is a transient town. Hardly any EVC members are actually from the DC area. A few residents are there for life, but I'd say many (most?) members think of EVC as a nice place to live for a few years until a job or life takes them elsewhere. I think this mindset is reflected in the participation level, which is vanishingly small, at least for the logistical work (building maintenance and cleaning, legal, bookkeeping/financial management). It's pretty much all outsourced, and not even supervised or monitored. There's plenty of money, and no hesitation to spend it. It's funny -- On one hand, the board is outsourcing more and more work, and on the other hand there's a task force trying to increase participation, but when they do find someone willing to do work, there's nothing left to be done because everything has already been outsourced or handed off to the management company! However, on the plus side, EVC is a very friendly, sociable place. Regular meals and lots of fun events on the calendar. It works very well for a lot of people. Katie Eastern Village Cohousing Silver Spring, MD
Re: Average Turn Over katie-henry, August 6 2008
- People vs Facilities [was Average Turn Over] Sharon Villines, August 7 2008
- Re: Average Turn Over Eris Weaver, August 7 2008
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