|Re: Affordable Cohousing||<– Date –> <– Thread –>|
|From: Brian Bartholomew (bbstat.ufl.edu)|
|Date: Mon, 5 May 2008 08:31:13 -0700 (PDT)|
> * $136,500 for a 1 bedroom home > * $46,300 [max income] for a single person Playing around with mortgage calculators on the web, using a 5% down payment and 8% interest, it seems to me a loan on this combination of debt to income is overcommitted and cannot be bought. Could this be correct? I imagine that no one in a coho would want to construct a financial situation which guarantees the residents are in over their heads, as this would be 'predatory lending'. What am I missing? Is there a planning assumption that other coho members will donate towards a larger down payment? Brian
- Re: Affordable Cohousing, (continued)
- Re: Affordable Cohousing Catya Belfer-Shevett, May 2 2008
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