Re: Highline housing costs [FWD]
From: Deborah Behrens (debbehAuto-trol.COM)
Date: Wed, 8 Mar 95 17:22 CST
> Marie Venner   Charleston, SC @UUNET.UU.NET:MARIE@DNRCRD  
> Subject: Re: Highline housing costs [FWD]
> Congrats to the new residents of the Highline Community!
> By the way, could some of those community members explain why early
> members were able to purchase units at around $80,000 that later
> members (some still to be found) have to purchase in the
> $150-$200,000 + range?  Some friends that attended the informational ...

Marie,

This is what I think happened:

There were originally going to be some 1 bedroom units without basements
that were going to be priced in the $80K range.  The option to not have
a basement was dropped, due to economic realities.  
These 1 bedrooms then ended up in the approx $100K range 
(unfinished basement, garage not included).  
One bedroom units have NEVER been in the $150-$200K range.  Finishing the
basement and buying a garage or two will force it up, but not that much.
Lot premiums do also make a difference.

Conversely, 2-3 bedroom units, to my knowledge, were never ever offered 
at an $80K price.  Your friends may be comparing the old cost of a 1 
bedroom with the later costs of 2-3 bedroom units?  
At the time of the informational meeting this past December, we didn't
have any 1BR or 1BRLofts available, which were the lowest priced units.
So if the price range mentioned started at $150K, it was for 2,3+ bedroom
units, which were the lowest priced units available AT THAT TIME.  
Since that time, a 1BR with finished basement has come back on
the market.  Because the basement will be finished out, the price will be
higher, somewhere in the $114K range; I'm not sure of the details,
I'm not on that committee and haven't got the latest info at hand.

BTW, over a year ago, costs on a number of things, such as lumber and 
sheetrock skyrocketted, so our prices had to go up too, unfortunately.
Also, as we actually get into building, budget becomes reality, and the
two don't always tally.

As far as I know, the earliest members were able to sign up at *slightly*
lower prices than later members.  I was not one of the earlier members,
so I'm not sure of the details, but fair's fair, they put in several 
years more work than I or any of the newer members.  At a much riskier time.
Plenty of people are willing to wait till the place is all built before
they make a committment, but not too many are willing to plunk down their
money before the land's even bought, or even buy the land on a personal loan.  
That vision counts for something!

As far as I know NO ONE was able to sign a contract in the $80K range.
This was not bait and switch, this was just hard realities coming down on us.

PLEASE make sure you, your relatives, and friends not comparing apples to 
oranges.  You and they are welcome to any of our community meetings
where any of us would be happy to answer any questions and untangle this 
confusion.

For more and better information, our most wonderful marketing person, 
Pat DeForest, has just moved in and her new number is 303-797-6947.
Not to slight the rest of the marketing group, she is actually part of a most 
wonderful team,  but she's the one who gets to field many of the calls.
                            ~___~
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 +-----------------------ooO-(_)-Ooo---------------------------------+
 |  Debbie Behrens             debbeh [at] auto-trol.com  W (303)252-2215 |
 |  Highline Crossing CoHousing                      H (303)457-4184 |
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 |      All opinions expressed are mine, and do not necessarily      |
 |       reflect the opinions of Highline Crossing in general.       |
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