Re: Alternative financing | <– Date –> <– Thread –> |
From: R.P. Aditya (adityagrot.org) | |
Date: Wed, 22 Oct 2014 20:45:43 -0700 (PDT) |
On 22 October 2014 14:13, R Philip Dowds <rpdowds [at] comcast.net> wrote: > Maybe what cohousing needs most is not fewer tenants but better > bankers. one day the proportion of the general population that is also the cohousing population will be large enough for bankers to understand the merits of cohousing -- unfortunately, right now cohousing is a small, rounding error's worth of the enormous condo (typically in the US) mortgage market and so it makes no sense to give preferential treatment... Maybe what we need is a "cohousing bank" that can legally construe "willing to contribute X hours per month in labor in kind as part of association dues" as an acceptable ability to pay -- of course, then, the actuaries would make each participating adult take a health exam, as they do for life insurance to assess the risk of early payout... Adi On Wed, Oct 22, 2014 at 04:18:57PM -0400, Tom Smyth wrote: > > 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 > > > > > > _________________________________________________________________ > > > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > > > http://www.cohousing.org/cohousing-L/ > > > > > > > > > > _________________________________________________________________ > > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > > http://www.cohousing.org/cohousing-L/ > > > > > > > > > -- > Tom Smyth > > Worker-Owner, Sassafras Tech Collective > Specializing in innovative, usable tech for social change > sassafras.coop *·* @sassafrastech > > Resident, Touchstone Cohousing > touchstonecohousing.org > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://www.cohousing.org/cohousing-L/ > >
- Re: Alternative financing, (continued)
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Re: Alternative financing Kathryn McCamant, October 22 2014
- Re: Alternative financing Sharon Villines, October 22 2014
- Re: Alternative financing R Philip Dowds, October 22 2014
- Re: Alternative financing Tom Smyth, October 22 2014
- Re: Alternative financing R.P. Aditya, October 22 2014
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Re: Alternative financing Kathryn McCamant, October 22 2014
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