Re: VACANCY RATE POLL - Is Cohousing Overbuilt? How many vacancies at your community?
From: Marc Kolman (marckolmangmail.com)
Date: Mon, 11 Aug 2008 10:13:52 -0700 (PDT)
Tony - no units available at Pacifica CoHo in Carrboro, NC.

Marc


~~~~~~~~~~~~~~~~~~~~~~~~~~~
Marc Kolman
183 Viburnum Way
Carrboro, NC 27510
919-967-9727
 
Pacifica Co-Housing --- www.coho-nc.org/pacifica 



-----Original Message-----
From: Thomas Lofft [mailto:tlofft [at] hotmail.com] 
Sent: Sunday, August 10, 2008 1:09 PM
To: cohousing-l [at] cohousing.org
Subject: [C-L]_ VACANCY RATE POLL - Is Cohousing Overbuilt? How many
vacancies at your community?



I noted on a few sig lines, promotion of available units.
 
One of the major weaknesses of the present US economy is the overbuilding of
the residential market from 2003 through 2006.  This is prototypical of the
residential development cycle: every time the glut gets sold off (1998-2001)
and the market demand increases, builder/developers all figure thay can each
develop a project to capture, say, 1% of the market.  No risk in only
targeting 1% of the market, is there? 
Unless, perhaps, 200 builder/developers all start projects to capture 1% of
the market.  Suddenly, the market is 100% overbuilt.  How did that happen?
Duh?
 
If you're willing to share, I'd love to know how many communities still have
unoccupied units for sale, how long they have been on the market, and
whether any communities have seen what they would perceive to be an
overbuilding of cohousing units in their particular demand area.
 
Thanks for sharing.
 
TOM LOFFT
Liberty Village, MD
 
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