|Re: affordable housing [was: Cohousing-L Digest...||<– Date –> <– Thread –>|
|From: Ann Zabaldo (zabaldoearthlink.net)|
|Date: Mon, 6 Jan 2020 08:03:30 -0800 (PST)|
Hi Ron! There is an American in Christchurch, NZ who is working on this very topic. I talked w/ her while I was there earlier in 2019. I’m sure there are people right here in the US who are making this a pathway to homeownership and financial participation in the housing market. I would start w/ ENTERPRISE, the foundation that has been working in low income housing for 30+ years founded by James Rouse, the developer of the planned community Columbia, MD, Baltimore Festival Harbor, Faneuil Hall in Boston, etc. etc. etc. A little googling will likely produce more results. Best -- Ann Zabaldo Takoma Village Cohousing Washington, DC Member, Board of Directors Mid Atlantic Cohousing Principal, Cohousing Collaborative, LLC Falls Church, VA 202.546.4654 Dear Karma — I have a list of people you missed. > On Jan 6, 2020, at 10:00 AM, Fred-List manager <fholson [at] cohousing.org> > wrote: > > Ron Ingram <ingramr88 [at] gmail.com> > is the author of the message below. It was posted by > Fred, the Cohousing-L list manager <fholson [at] cohousing.org> > > Ron's reply was to a digest that slipped by my screen for > excessive quoting. I deleted quoted digest and restored > subject line. Fred > > > -------------------- FORWARDED MESSAGE FOLLOWS -------------------- > > Does anyone think there will ever be universal rent equity. For example, > let's say I have a real estate portfolio with several apartment buildings > and homes that I rent to tenants, each rental payment they make goes toward > a certain percentage of profit share. So instead of just paying rent, you > are actually investing, helping the portfolio owner to buy more properies > to which you also financially profit. You can change and move apartments > within the portfolio to maintain your percentage of profit share or equity > share. I know these words are not interchangeable and I may not be using > them correctly. But hopefully someone gets the picture. When you exit the > portfolio altogether......still fleshing this out but assuming you can > transfer or sell your share or....if the portfolio also has homes, you > could use your equity in the portfolio rentals as the downpayment on a > mortgaged home. > > This will help those who are cash strappped both afford current rent and > build up the rental equity for a downpayment on a home. If this were a > thing, many people would gladly rent and help take care of their rentals > because they too are invested at a higher level. > > Thought about this for awhile. If I added up all the rent, deposits, admin > fees etc I could have money for several downpayments on a nice home on my > budget, even at the low end of paying $500/mo for 10 years. > > Ron > > > > On Sun, Jan 5, 2020, 9:02 AM Ty Albright via Cohousing-L < > cohousing-l [at] cohousing.org> wrote: > >> The reason home ownership (vs renting) results in equity over time - is the >> forced payment of mortgage amortization and re-investment in maintenance >> over time (your house becomes an equity sink / savings over time). Yes - >> there is value appreciation (not always) - but this works only if you stay >> put long term (real estate transactions are expensive and eat up "profit") >> and DO NOT fall to the temptation of getting a 2nd lien "home equity loan" >> based on your home appreciated value over time. >> >> If you did the math in detail - based only on numbers - it will show that >> you should own your house because you like your house and want a nice place >> to live - not because its an "investment". Renting provides flexibility - >> ownership can provide entrapment. >> >> This based on my 40+ years' experience in real estate. >> >> Ty >> >> Ty Albright Project Management >> Little Red Hen LLC >> 214-336-7952 >> tmalbright [at] verizon.net >> www.linkedin.com/in/tmalbright > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://L.cohousing.org/info > > >
Re: affordable housing [was: Cohousing-L Digest... Fred-List manager, January 6 2020
- Re: affordable housing [was: Cohousing-L Digest... Ann Zabaldo, January 6 2020
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