|Re: Afforability||<– Date –> <– Thread –>|
|From: Rob Sandelin (floriferousmsn.com)|
|Date: Sun, 10 Jan 2010 09:16:25 -0800 (PST)|
If housing development was cheap and easy everybody would be doing it. It's neither. New construction is expensive and you can cut corners in places but you are still not going to get huge savings building 30+ new homes and all the attendant roads, and other infrastructure. You are talking millions of dollars of capital project. Home ownership is not available to everybody and it seems likely with the current banking and other problems home ownership will decline some at least in the near term. It is heartbreaking to hold a bunch of meetings, get a project organized, build strong connections to people, then find out the actual costs of your cohousing dream are not possible for you. This has been the reality of cohousing from the start and it is unlikely to change because personal mortgage ownership is a key element of cohousing. There are other kinds of community where this is not as big a barrier but they do not offer the financial security of ownership, thus they are often less attractive to people who have large sums to invest in housing. In my part of the world development of all manner of real estate is at a 30 year low point as builders can't get money and banks are teetering on the edges. The building permit department has so few permit applications that they have laid off 75% of their staff from 2 years ago. Maybe things are better in other parts of the country? Rob Sandelin Sharingwood Snohomish County, WA
Re: Afforability Craig Ragland, January 8 2010
- Re: Afforability Matt Lawrence, January 8 2010
Results generated by Tiger Technologies Web hosting using MHonArc.