|Re: VACANCY RATE POLL - Is Cohousing Overbuilt? How many vacancies at your community?||<– Date –> <– Thread –>|
|From: Elizabeth Magill (pastorlizverizon.net)|
|Date: Mon, 11 Aug 2008 19:09:26 -0700 (PDT)|
I would guess that we have the names of at least 200 people who are seriously interested in cohousing. But what matters also to people, and sometimes more than whether it is cohousing is where, and how much it costs. Hmm, just like real estate!
The oddest thing is that even the people who say "no, I can't/won't move to Mosaic or Sawyerhill ALL say: but keep me on your list, I want to hear about cohousing.
-Liz (The Rev.) Elizabeth M. Magill Mosaic commons, where I move in just two months. berlin Ma Homes still available! www.sawyerhill.org On Aug 11, 2008, at 2:28 PM, Ellen Keyne Seebacher wrote:
I noted on a few sig lines, promotion of available units. [overbuilding, "builder/developers", et cetera]I'm afraid this makes me a little cranky. Mosaic Commons has been together for *eight years*. We optioned and lost several sites before I joined the group in 2003. In 2005 we were finally offered the right piece of land, though under terms that required us to build (in conjunction with Camelot Cohousing) 25% "affordable" (under state law 40B) units, the costs of which were to be absorbed by our market-rate purchasers. And as Fred Olson notes, there are a lot of fixed costs to spread out over a pool of owners when you've been together for a while. But when we planned our 68 units for Sawyer Hill EcoVillage -- 34 in Mosaic, 34 in Camelot -- the economy was still in pretty good shape. (I thought my family would have money left over for the kids' college fund when we sold our previous house and paid for our unit in Mosaic.) We crossed our fingers for it staying that way, as we wended our way through the years-long process of getting state and town approvals on the project and finally began construction last year. But it didn't. The housing market imploded *after* most of our equity members had invested years of toil, sweat and money. Some of us lost our shirts selling previous homes in order to move into Sawyer Hill (me, I'll be taking out a fair-sized mortgage). And a lot of folks who'd love to join us right now are upside-down on their current mortgages, having difficulty selling existing homes, or in a precarious position with family finances. It has nothing to do with "oversupply" of cohousing -- if the economy were in good shape we'd have been sold out long ago. We just had thebad luck to be completing construction during the nadir of the market. :/And yes, we do still have homes available (http://sawyerhill.org/),both for market-rate purchasers and for folks eligible under 40B. (Fordetails on the latter, see http://sawyerhill.org/40b .) We're in a lovely spot in New England, and if you're interested in cohousing in this part of the world we'd love to have you. :-) Ellen Seebacher Mosaic Commons / Sawyer Hill EcoVillage (Berlin, MA) http://www.mosaic-commons.org _________________________________________________________________ Cohousing-L mailing list -- Unsubscribe, archives and other info at: http://www.cohousing.org/cohousing-L/
- Re: VACANCY RATE POLL - Is Cohousing Overbuilt? How many vacancies at your community?, (continued)
- Re: VACANCY RATE POLL - Is Cohousing Overbuilt? How many vacancies at your community? Racheli Gai, August 11 2008
- Re: VACANCY RATE POLL - Is Cohousing Overbuilt? How many vacancies at your community? Marc Kolman, August 11 2008
- Re: VACANCY RATE POLL - Is Cohousing Overbuilt? How many vacancies at your community? Craig Ragland, August 11 2008
Re: VACANCY RATE POLL - Is Cohousing Overbuilt? How many vacancies at your community? Ellen Keyne Seebacher, August 11 2008
- Re: VACANCY RATE POLL - Is Cohousing Overbuilt? How many vacancies at your community? Elizabeth Magill, August 11 2008
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