|Re: VACANCY RATE POLL - Is Cohousing Overbuilt? Howmany vacancies at your community?||<– Date –> <– Thread –>|
|From: Fred H Olson (fholsoncohousing.org)|
|Date: Mon, 11 Aug 2008 10:11:11 -0700 (PDT)|
Vacancy rates would be interesting. "Overbuilding" may be a factor but as Robert Heinich pointed out people may want to buy but other factors including the current general real estate / mortgage mess account for some vacancies (because people who would like to buy were unable to do so. In a sense these factors are a part of "demand" but that makes measuring demand a really messy business. Thomas's original post implied that there was an agreed upon "market demand" and too developers collectively build more than this "demand" to in an effort to capture more than their "share". Same thing happens in farming but farmers joke that they hope to make up for losses with volume. Since "demand is a moving target it is hard to know how much developers "should" collectively build but at some point it becomes clear that the market is overbuilt. In the cohousing context, I can imagine that a community overestimates how many units it can find people (who will thrive in cohousing) to buy. This might be a significant number of units in one community that were hard to sell. How many communities have had say 10% or more of units for sale for extended periods - 9 months or more say? Of course the motivation for building more units in cohousing is a bit different - to spread the fixed costs, of a given parcel of land, certain development costs, as well as desired community size. Another alternative is to choose a smaller parcel tho other fixed costs would not be reduced by this. Do communities estimate how many usits they can sell as a factor in picking a site? Another distinction that would be interesting... My assumption that initial sales are more difficult than resales in successful communities. Are ther exceptions to this? Fred -- Fred H. Olson Minneapolis,MN 55411 USA (near north Mpls) Communications for Justice -- Free, superior listserv's w/o ads: http://justcomm.org My Link Pg: http://fholson.cohousing.org 612-588-9532 (7am-10pm CST/CDT) Email: fholson at cohousing.org
Re: VACANCY RATE POLL - Is Cohousing Overbuilt? Howmany vacancies at your community? Fred H Olson, August 11 2008
- Re: VACANCY RATE POLL - Is Cohousing Overbuilt? Howmany vacancies at your community? Tim Mensch, August 11 2008
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