Re: Per Household or per person? | <– Date –> <– Thread –> |
From: Diana Carroll (dianaecarrollgmail.com) | |
Date: Tue, 19 Mar 2013 07:59:06 -0700 (PDT) |
Note that apportionment of costs is hugely different during development and after move-in. Lots of people including me have weighed in regarding condo fees (that is, post-move-in expense sharing.) This is not relevant to the original question posed. The way we at Mosaic Commons covered costs during development (up to the point where we got a construction loan) was that contributions were voluntary. They were credited towards the final cost of your unit. So no one was "giving" money to the group....they were essentially "loaning" money that would be paid back at purchase. Therefore the question of individual v. household was irrelevant. We offered incentives (such as a very attractive interest rate) to encourage people to contribute. But of course we needed more money than came easily...toward the end, members had to dig REALLY deep (taking out second mortgages, cashing in retirement accounts and so on) to get us over the hump. Again, it became a matter of who had the money, not whether it was by individual or household. (We did bookkeeping by "household" in the sense that a household was the people buying a unit together, and their contributions would be credited toward that unit.) People who were not yet committed to joining/buying a unit but who wanted to participate in the group (come to meetings and events and so on) were asked to pay a nominal membership fee to help cover meeting expenses and the like...I don't remember if we did that by individual or household, because the amount was so small in the context of our $20M project. *IMPORTANT CAVEAT*: This email only answers the question of what we did regarding household v. individual. I am NOT (NOT!!!!) suggesting you follow our advice for how to structure your finances during development. We ended up having much pain and suffering and loss of money due to our construction lender blocking our plan to credit unit purchases to early contributors. It's a long sad tale and not relevant to the question posed, but I didn't want anyone jumping up and down and going "Aha, that's a great plan". If we knew then what we know now... *sigh* Diana On Mon, Mar 18, 2013 at 11:12 PM, John Leet <jwleet [at] aol.com> wrote: > > We are Panama Cohousing Village, in the formation stage in Panama. One > of our member is single and is objecting strenuously to paying "twice as > much" as those of us in coupled relationships for our expenses relating to > marketing for new members. > Can you share with us what costs you assess per household, and what costs > you asses per person? > John Leet > jwleet [at] aol.com, www.panamacohousingvillage.com > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://www.cohousing.org/cohousing-L/ > > >
- Re: Per Household or per person?, (continued)
- Re: Per Household or per person? Muriel Kranowski, March 18 2013
- Re: Per Household or per person? R Philip Dowds, March 19 2013
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Re: Per Household or per person? Sharon Villines, March 19 2013
- Re: Per Household or per person? Diana Carroll, March 19 2013
- Re: Per Household or per person? Diana Carroll, March 19 2013
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Re: Per Household or per person? R Philip Dowds, March 19 2013
- Re: Per Household or per person? Sharon Villines, March 19 2013
- Re: Per Household or per person? R Philip Dowds, March 19 2013
- Re: Per Household or per person? Diana Carroll, March 19 2013
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