Cohousing-L Mailing List: Re: Truly Capitalist Things

[Fred H Olson (fholson]

David L. Mandel, Southside Park Coho, Sacramento wrote:

>There's no reason cohousing communities could not be organized as
>limited equity co-ops, in which members own equal undivided shares of
>the whole project with a right to occupy their units; or with
>community land trusts owning the land. Either way, greater
>affordability can be assured permanently -- with different variations
>on the themes dictating the degree. The tradeoff is to divorce, in
>part or fully, actual housing from speculative investment, apparently
>a cultural obstacle for most cohousing communities so far thanks to
>our psychological conditioning and class identities. It would be a
>very good thing in my view, however. Having a decent, safe roof over
>one's head is a human right and shouldn't be commodified for profit.
>Of course that applies to many other things that are also privatized
>in our society. More power to any millenials and any of us oldsters
>who aspire to change this.


Thank you for your reply about a limited equity option.
This was brought up at the conference this summer in one
discussion I was part of. (or maybe it was at a followup
meeting at Jamaica Plain Cohousing. )

Would the recent decision of the National Coop Bank to loan to
cohousing would make this easier?

Fred

--
I support Bernie Sanders for President
Fred H. Olson  Minneapolis,MN 55411  USA        (near north Mpls)
     Email:        fholson at cohousing.org      612-588-9532
My Link Pg: http://fholson.cohousing.org         My org:
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