Cohousing-L Mailing List: RE: Re: Buying a coho unit and renting for a few years...

[Rob Sandelin (floriferous]

Sharingwood has 8  rental spaces, these are in-home apartments. Our history
with renters is mixed. Some have been fabulous, others non-participants.
However all the landlords live on site and so problems with renters tend to
be  short-lived as the owners hear about any issues quickly. There is a huge
competition for rental spaces here and so it has been easy to find people to
fill rental niches.

As far as the strategy of buying a  unit and not living there, I think that
is unwise. There are plenty of resale opportunities  in cohousing. Better to
buy into a place when you are ready to live there. Of course, buying in on
the first build assures you of the lowest  price so  that might be a
consideration for a high price market as you mention, although finding
renters to cover the considerable mortgage costs might  also be a problem
and put you in the bind of having to pay for two places at once.

Rob Sandelin
Sharingwood