|Regarding Affordability in Cohousing||<– Date –> <– Thread –>|
|From: Angela Steiert (angie.steiertgmail.com)|
|Date: Sat, 20 Aug 2016 10:14:06 -0700 (PDT)|
I think it is safe to say that unless a community has subsidized a unit or gotten section 8 housing approval, that most co-housing communities prices put their members in a higher income bracket. $230,000 & $250,000 is a lot of money. Someone would have to make at least $75,000 a year to pay that mortgage and less than 15% of American's make that much money. Therefore only the top 15% of American's are able to participate in a cohousing community at those prices, which makes it a somewhat elitist entity. I live in a cohousing community and I did not pay that much money, but I was quite shocked to see the majority of prices for communities when I was hoping to join one. I am a teacher, and I find it quite sad to think that most teacher's, unless they have two incomes in their homes, could not live in a cohousing community. There is really no easy answer to this, as I have come to realize that most cohousing communities are private entities, and that cohousing is in limited quantity in the US which makes it more valuable. I do think we have to acknowledge the reality of cohousing in America. So, there are places out there with more reasonable prices, but even those are probably too high for many Americans at the wages they currently make.
- Regarding Affordability in Cohousing Angela Steiert, August 20 2016
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