Cohousing-L Mailing List: Re: Reserve Studies

[Sharon Villines (sharon]

On Aug 8, 2006, at 1:18 PM, Rob Sandelin wrote:

> Just one perspective about reserves, this being a psychological one .  
> I was
> in a frank discussion once where many of the people wanted to put in 
> the
> minimum towards reserves because they has little faith that they would 
> be
> living in that building in the thirty years later time frame, and so 
> if it
> cost something extra, they would not be paying for it.

One way around this is to stress resale value. The fastest growth in 
housing is in homeowner associations so increasingly people will 
understand how to evaluate the relative value of a unit in a community 
with healthy reserves than in one without them.

Sharon
-----
Sharon Villines
Takoma Village Cohousing, Washington DC
http://www.takomavillage.org