|Re: Cohousing-L Digest, Vol 180, Issue 11||<– Date –> <– Thread –>|
|From: Lynn Nadeau / Maraiah (welcomeolympus.net)|
|Date: Mon, 21 Jan 2019 09:34:01 -0800 (PST)|
I'm not clear just what situation is being described in this post. I'll respond as a long-built community, of the sort called lot-development, which means buy in does not include your house, which you pay for yourself, either having it built, or buying on resale a home someone else had built. Other than the members' housing, one has to fund a development budget for things like land, infrastructure, permits, professionals, common amentities such as a commonhouse, playground, gardens or whatever. Presumably this also covers the basic furnishings and equipment for the common holdings. Once development is done, ongoing assessments, annual dues if you will, fund operating expenses, reserve accrual for eventual repair and replacement of common holdings, and any additional expenses the group agrees to.
- (no other messages in thread)
Results generated by Tiger Technologies Web hosting using MHonArc.