Cohousing-L Mailing List: Re: Alternative financing

[Tom Smyth (tom]

R Phillip: Very well said!

On 22 October 2014 14:13, R Philip Dowds <rpdowds [at] comcast.net> wrote:

>
> I am guessing that tenancy is taken as a rough proxy for things that might
> actually, legitimately concern a lender / investor:  poor maintenance, no
> reserves, transiency, owner indifference, anonymity and alienation of the
> occupants, and so on.  But if these were my concerns as a lender, and I
> happened to have eyes and a brain, and I actually saw what was going in
> cohousing communities, then I would be falling all over myself to offer low
> cost loans to my best borrowers: cohousing households.
>
> Maybe the problem here is lack of eyes and brains.  In Cambridge MA,
> two-thirds of our housing units are renter-occupied, and our City remains
> safe and well-managed; even the public schools are credible.  Maybe what
> cohousing needs most is not fewer tenants but better bankers.
>
> RPD
>
> > On Oct 22, 2014, at 1:37 PM, Sharon Villines <sharon [at] 
> > sharonvillines.com>
> wrote:
> >
> >
> >
> > On Oct 22, 2014, at 1:31 PM, Kathryn McCamant <
> kmccamant [at] cohousingpartners.com> wrote:
> >
> >>
> >> If you have more renters than homeowners (owner occupied units), you
> will
> >> have a very hard time getting competitive mortgages. General
> >> recommendation is to limit rentals to no more that 25-30% of your homes.
> >
> > Some recommend even lower 10-15%.
> >
> > Sharon
> > ----
> > Sharon Villines, Historic Takoma Park, Washington DC
> > Where all roads lead to Casablanca
> >
> > _________________________________________________________________
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> >
> >
>
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>


-- 
Tom Smyth

Worker-Owner, Sassafras Tech Collective
Specializing in innovative, usable tech for social change
sassafras.coop *·* @sassafrastech

Resident, Touchstone Cohousing
touchstonecohousing.org