Cohousing-L Mailing List: Re: Sr Cohousing Hits Mainstream Investing: Motley Fool

[Nancy Csuti (nancycsuti]

Lynne- yes. According to their website. There’s one sale now. Compared to 
Colorado prices it’s certainly affordable.  
Nancy in Colorado. 

> On Mar 21, 2020, at 12:56, Lynne MARKELL <lmarkell [at] rogers.com> wrote:
> 
> So Sand River cohousing is a condo and units are ownership. RIght??
> 
> Lynne Markell, 
> Lmarkell [at] rogers.com
> (613) 842-5222
> 
> 
> 
>> On Mar 20, 2020, at 11:49 AM, Ann Zabaldo <zabaldo [at] earthlink.net> wrote:
>> 
>> O Joyce, Mabel and all —
>> 
>> Egg on my face!  Maybe all over me …
>> 
>> The community I was thinking of is Sand River (previously ElderGrace) in 
>> Santa Fe, NM.  Their community was funded by Santa Fe Community Housing 
>> Trust.  Back when the community was in development and called ElderGrace, I 
>> spoke w/ the project director/manager for the Housing Trust.  Somewhere in 
>> that conversation I made a note that this would be the first or one of the 
>> first fully rental cohousing communities.  While the community did, in fact, 
>> receive funding through the a non profit community agency I clearly 
>> conflated the community, the funding and rentals altogether.
>> 
>> My deepest apologies to Joyce, Mabel and everyone on this list.
>> 
>> :-(
>> 
>> Best --
>> 
>> Ann Zabaldo
>> Takoma Village Cohousing
>> Washington, DC
>> Member, Board of Directors
>> Mid Atlantic Cohousing
>> Principal, Cohousing Collaborative, LLC
>> Falls Church, VA
>> 202.546.4654
>> 
>> I was going to make a joke about sodium and hydrogen, but NaH..
>> 
>> 
>>>> On Mar 20, 2020, at 10:54 AM, Joyce Cheney <jcheneyjc [at] gmail.com> 
>>>> wrote:
>>> 
>>> Ditto re/ checking with no answer! Plz let us know. Tnx jc
>>> 
>>> Sent from my iPhone
>>> 
>>>> On Mar 19, 2020, at 10:37 PM, Mabel Liang <mabel [at] twomeeps.com> wrote:
>>>> 
>>>> Hi Ann, 
>>>> Cute but opaque answer.  I've wasted a lot of time reading the
>>>> description of each of the communities in AZ and NM, and did not find
>>>> one that seemed like it was rental cohousing, much less senior rental
>>>> cohousing. 
>>>> Could you please just _tell_ us the name of the community? 
>>>> Thanks! 
>>>> -- Mabel :-)
>>>> 
>>>> mabel [at] twomeeps.com
>>>> Mabel Liang
>>>> Cornerstone Village Cohousing
>>>> 
>>>> Cambridge, MA 
>>>>> On 2020-03-20 01:04, Ann Zabaldo wrote:
>>>>> 
>>>>> Hello Joyce!
>>>>> Check the directory on Cohousing.org <http://cohousing.org/>  - super 
>>>>> good resource on all things cohousing.  :-)
>>>>> Best --
>>>>> Ann Zabaldo
>>>>> Takoma Village Cohousing
>>>>> Washington, DC
>>>>> Member, Board of Directors
>>>>> Mid Atlantic Cohousing
>>>>> Principal, Cohousing Collaborative, LLC
>>>>> Falls Church, VA
>>>>> 202.546.4654
>>>>> I was going to make a joke about sodium and hydrogen, but NaH..
>>>>> On Mar 19, 2020, at 10:35 PM, Joyce Cheney <jcheneyjc [at] gmail.com> 
>>>>> wrote:
>>>>> Where is the one rental coho in AZ or NM? I thot I knew them all. Tnx 
>>>>> Joyce Cheney Sent from my iPhone
>>>>> On Mar 19, 2020, at 3:11 PM, Ann Zabaldo <zabaldo [at] earthlink.net> 
>>>>> wrote:
>>>>> Hello all --
>>>>> Here's an article on investing in Sr. Cohousing that appeared in a Motley 
>>>>> Fool newsletter.
>>>>> https://www.fool.com/millionacres/real-estate-basics/real-estate-terms/senior-cohousing-the-next-senior-housing-investment/
>>>>> On the one hand … YAY!  Invest in Sr. Cohousing!  Especially RENTAL 
>>>>> Cohousing!  FROM THE ARTICLE:  <Senior cohousing communities that are 
>>>>> made up of rentals will be more like owning a rental portfolio of 
>>>>> single-family homes. The cohousing rent model may become more popular as 
>>>>> older people consider housing options that will allow them to have more 
>>>>> flexibility.>  YES!  PLEASE INVEST!  On the other hand…Uh oh.  Somebody 
>>>>> needs to talk to the writer before this goes further.  He got some of the 
>>>>> characteristics of cohousing kind of right.  BUT he is writing about a 
>>>>> standard investment model which may not fit the nooks and crannies of 
>>>>> cohousing.
>>>>> For instance, I don't understand this from the article:
>>>>> Investing in senior cohousing requires a much different approach than 
>>>>> most other real estate investments. Cohousing communities are basically 
>>>>> neighborhoods that consist of like-minded people, so the investment 
>>>>> strategy would be similar to developing a subdivision. < Other elder 
>>>>> cohousing communities are a group of single-family rental properties.>  I 
>>>>> KNOW OF ONE SR. COHOUSING RENTAL COMMUNITY IN AZ OR NM.  ARE THERE 
>>>>> OTHERS?  WE CERTAINLY NEED RENTAL COHOUSING BOTH INTERGENERATIONAL AND 
>>>>> SR. COHOUSING.
>>>>> The writer doesn't address the deeper aspects of collaborative 
>>>>> development -- especially the future residents having a say in the design 
>>>>> and development of the community.  And having a say in many more aspects 
>>>>> such as the Bylaws.  Many more aspects …
>>>>> What do you think of this article?
>>>>> Best --
>>>>> Ann Zabaldo
>>>>> Takoma Village Cohousing
>>>>> Washington, DC
>>>>> Member, Board of Directors
>>>>> Mid Atlantic Cohousing
>>>>> Principal, Cohousing Collaborative, LLC
>>>>> Falls Church, VA
>>>>> 202.546.4654
>>>>> I was going to make a joke about sodium and hydrogen, but NaH..
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