Re: Variations on low cost housing
From: Marganne (margannemacnexus.org)
Date: Wed, 21 May 2008 10:57:09 -0700 (PDT)
Rod,

So glad to hear about yet another way to 'crack the nut'. You ended up in 2003 with a mix of low cost homes located next to not-so-low-cost homes? What's happened since 2003 with comparative values to the surrounding community? Are prices for the more expensive houses within the project being adversely affected by being mixed with lower-cost housing? Or is it not that simple.

Cheers!
Marganne

At 5:36 PM -0400 5/19/08, Rod Lambert wrote:
A caveat with the hybrid approach is, that in allowing more freedom of
choice, the prospective owner must exercise serious discipline if the
budget is king. They must "follow the script" to meet budget and not be
tempted to emulate what their neighbor is doing to their house ("feature
creep"). It also requires frequent updates on cost estimates so that the
owner quickly sees the results of making changes. Several people here
did follow the script and got very low cost, well-built homes. ($70/sf
in 2003) But several people also paid significantly more then they
originally expected mostly because of the reasons mentioned above.
(However almost everyone got good value for what they paid.)


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