|Re: to borrow or not to borrow?||<– Date –> <– Thread –>|
|From: Maggie Dutton (maggieduttongmail.com)|
|Date: Wed, 25 Mar 2015 08:09:23 -0700 (PDT)|
We are dealing with contributions too and wonder who you are...community name and where?. Maggie Dutton Aldermuir Cohousing In Qualicum Beach, British Columbia. Amazon.com/author/MaggieDutton > On Mar 23, 2015, at 2:07 PM, Seasons of Food <seasonsoffoodhcc [at] > gmail.com> wrote: > > > We’re a new yet-to-be built co-housing community. Equity members have > invested $20,000 to our collective pot. We hope to break ground in July 2015 > and will be borrowing at 5.5% interest. There are mixed feelings about > borrowing, some support borrowing from the bank, others think we should ask > for voluntary contributions from EMs that can “afford” it (so far 4 of 13 > EMs have pledged $100K for a lower interest return than 5.5%), and yet others > feel we should ask for a next instalment of funds from everyone, like 10-20% > of unit cost. Some are afraid that we will lose EM’s as perhaps not everyone > can access the funds currently. What have others’ experience with this > sensitive item been and what is most successful? > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://www.cohousing.org/cohousing-L/ > >
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