Re: limited equity co-housing | <– Date –> <– Thread –> |
From: Chris (chris-cohousing![]() |
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Date: Tue, 23 Dec 2003 08:44:09 -0700 (MST) |
On Mon, Dec 22, 2003 at 04:23:43PM -0800, Harriet Lewis said: > Santa Rosa Creek Commons, 22 years old, is a limited equity complex > which has resulted in maintaining low prices. For less than $20,000 > maximum, people buy a share in the housing cooperative. That is 1/27th > of the total 1.5 acre complex with 27 apartments. When they leave, they > get it back. They don't lose money but they don't make money either. > Therefore, we are still offering share values for very reasonable > prices and monthly carrying charges below market value for local > apartments. it's been a long time since I took economics...does the share value keep up with inflation? otherwise it's not just not making money, it's a pure loss for anyone who moves out. I guess I'm confused by the $20,000 maximum, unless that's just what it happens to be right now, and it's free to change over time and isn't a hard limit. chris ------------------------------- Chris Doherty chris [at] randomcamel.net "I think," said Christopher Robin, "that we ought to eat all our provisions now, so we won't have so much to carry." -- A. A. Milne ------------------------------- _______________________________________________ Cohousing-L mailing list Cohousing-L [at] cohousing.org Unsubscribe and other info: http://www.cohousing.org/cohousing-L
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limited equity co-housing Harriet Lewis, December 22 2003
- Re: limited equity co-housing Elizabeth Stevenson, December 22 2003
- Re: limited equity co-housing Chris, December 23 2003
- RE: limited equity co-housing Cindy Howard, December 22 2003
- Re: limited equity co-housing Fred H Olson, December 25 2003
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