RE: Incentives for early joiners | <– Date –> <– Thread –> |
From: Rob Sandelin (floriferousmsn.com) | |
Date: Mon, 1 May 2000 14:14:19 -0600 (MDT) |
Cohousing is real estate development driven by idealism (the search for community). There are many real estate development companies around the US that utilize outside investor money. It is also one of the highest risk investment areas. These companies fold ALL the time, and it was precisely this arena, riskly loans to real estate companies that caused all the savings and loan banking problems in the early 90's which made the federal government tighted up its loan guarentees for real estate considerably. High risk venture capital is required at the point you acquire a site, and it sometimes takes groups a couple trys to actually get their capital together enough to be able to bid on a site. If you are in a hot market area, you are competing with other real estate development companies and often they are better situated to make the deal, and thus you might lose the first couple of sites that look promising. Once you get serious about doing the real estate development you will need ready access to a goodly amount of liquid cash (as well as a legal property holding entity, a good decision making process, and an attorney) This is the high risk place. If people are willing to do high risk investment without return, well, you have a pretty good group of idealistic folks. But many groups make other arrangements. Just be clear about it - money issues cause lots of sleepless nights and tension so be sure you recognize this in your processes and make adjustments as needed to help people feel ok about it. Rob Sandellin, On the road at Tucson Cohousing, AZ
- Re: Incentives for early joiners, (continued)
- Re: Incentives for early joiners Mariana Almeida, April 21 2000
- Re: Incentives for early joiners RowenaHC, April 22 2000
- Re: Incentives for early joiners Raines Cohen, April 22 2000
- Re: Incentives for early joiners Berrins, April 23 2000
- RE: Incentives for early joiners Rob Sandelin, May 1 2000
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