|Re: Mosaic Commons & Affordable/Low Cost Cohousing||<– Date –> <– Thread –>|
|From: Brian Bartholomew (bbstat.ufl.edu)|
|Date: Mon, 25 Jan 2010 12:42:49 -0800 (PST)|
> I don't know if ownership would be available to the 30% below median > income, partly because of a bank's unwillingness to give a mortgage > at that rate. And very few of us can afford a house with no mortgage > unless we own a house and are downsizing. It doesn't matter if someone did make a loan for a Tumbleweed house, or you already owned a travel trailer outright; zoning prohibits you from living in it in a setting dense enough to use bicycle and bus. Chili Head's family has a multiple medical disaster, then NIMBY zoning keeps her out of a low-cost house. That's awful. Rob wrote on Thursday: > If you can't get a mortgage because of bad credit, poor job history, > or just don't qualify for home ownership based on your income you > are locked out. Not by the community, by the lenders. This is no > different than any other housing ownership. No, the minumum house size/cost/features are set by the local permitting/zoning authorities, not the coho or the lenders. Houses are depreciating assets, like cars. Some people want to buy low-cost houses because they understand that a house is not a monetary investment if you live in it. Brian
Mosaic Commons & Affordable/Low Cost Cohousing Sharon Villines, January 25 2010
- Re: Mosaic Commons & Affordable/Low Cost Cohousing Brian Bartholomew, January 25 2010
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