Cohousing-L Mailing List: Re: still happening...........

[John Sechrest (sechrest]

If there is a way to find the data on mortgages, there is likely a way to
build an investment tool that would allow gathering people to invest
directly in cohousing.
On Apr 25, 2015 1:03 PM, "Ann Zabaldo" <zabaldo [at] earthlink.net> wrote:

>
> Hi John and all – – this is where we need some seed money to do some
> research in Cohousing. This is the kind of data that we know are out there
> anecdotally but we need some actual facts and figures to back up our belief
> that Cohousing mortgages are strong mortgages and are worth investing in.
> There are number of new cohousing communities coming online in the next few
> years and we sure need a financial structure to make these mortgages secure
> for the future homeowners. It's really distressing to get right down to the
> takeout mortgages and then find out your shut out. The amount of financial
> grief that community members who had to take because of the lack of
> mortgage money is as I said in a former email painful and bloody.
>
> Ann Zabaldo
> Takoma village cohousing
> Washington DC
>
> Sent from my iPhone
>
> > On Apr 25, 2015, at 3:29 PM, John Sechrest <sechrest [at] gmail.com> wrote:
> >
> >
> > what do you think is the total value of all cohousing mortgages that are
> > currently in existence?
> >
> > is there a national opportunity for an investment in cohousing mortgages?
> > On Apr 25, 2015 12:24 PM, "Sharon Villines" <sharon [at] sharonvillines.com>
> > wrote:
> >
> >>
> >>
> >>> On Apr 25, 2015, at 3:04 PM, R Philip Dowds <rpdowds [at] comcast.net>
> wrote:
> >>>
> >>> So I remain totally opposed to skulking around, hoping that the
> >> capitalist interests of money and property fail to notice that I live in
> >> cohousing.  I think we need to keep on doing what we’re doing:
> Educating,
> >> and leading the way.
> >>
> >> I think this is a good attitude to take collectively--for the
> Association
> >> or volunteers on behalf of the Association to collect data and provide
> it
> >> to banks.
> >>
> >> But for each individual in a huge country to take this on has proven
> >> self-defeating time and time again. There just aren't enough cohousing
> >> communities or buyers applying to the same bank to make an impact as
> >> individuals.
> >>
> >> Banks don't invest money in shared meals, errand running, celebrations,
> >> diversity, etc. They invest in real estate developments.
> >>
> >> Cohousers invest in shared meals, errand running, celebrations,
> diversity,
> >> etc., not real estate development. (Although in the end they are, they
> >> aren't attracted by that.)
> >>
> >> These are different aims.
> >>
> >> Sharon
> >> ----
> >> Sharon Villines
> >> Takoma Village Cohousing, Washington DC
> >> http://www.takomavillage.org
> >>
> >>
> >>
> >>
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