Re: economic crisis | <– Date –> <– Thread –> |
From: Rob Sandelin (floriferousmsn.com) | |
Date: Mon, 6 Oct 2008 11:32:51 -0700 (PDT) |
The biggest disadvantage to many cohousing developments is the large mortgages involved. Mortgage defaults appear to be at the core of this particular crisis and it would be interesting to know what the overall percentage of mortgage default in cohousing is as compared to other condos of a similar price range. Clearly the community support potential within cohousing such as sharing resources, finding jobs and other social networking aspects make cohousing more personally secure. But hanging over many peoples heads is that huge monthly housing payment, and I have seen in some cases people take on high levels of monthly expenditure to live in community, in some cases higher than they would for any other form of housing. At Sharingwood a small handful of people are self employed and in a couple of cases have offered jobs to other community members. This is based on individuals creating jobs, not as a community endeavor. There are potentials for community based businesses within cohousing in some localities but again, the income required to live in a $300,000 plus housing unit can run substantially more than many jobs pay. Rob Sandelin 18 year resident Sharingwood Cohousing
- Re: economic crisis, (continued)
- Re: economic crisis Craig Ragland, October 5 2008
- Re: economic crisis Raines Cohen, October 6 2008
- Re: economic crisis luk jonckheere, October 6 2008
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Re: economic crisis Thomas Lofft, October 6 2008
- Re: economic crisis Rob Sandelin, October 6 2008
- Re: economic crisis Craig Ragland, October 6 2008
- Re: economic crisis David Heimann, October 7 2008
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