|Re: Affordable (Co)housing||<– Date –> <– Thread –>|
|From: Sharon Villines (sharonsharonvillines.com)|
|Date: Mon, 19 Apr 2021 15:56:38 -0700 (PDT)|
> On Apr 19, 2021, at 2:15 PM, Zev Paiss <zevpaiss [at] gmail.com> wrote: > There is zero “compensation” for owning a permanently affordable home except > that they can afford to purchase it in the first place. The only controls the > selling price and the income of buyers. But it sounds like they are not owners. If they can’t sell at the price that is considered “affordable” at the time they sell, there is little advantage over renting, except that they can live in your community. Aside from the downpayment (which is a big thing) could they afford to live there otherwise and carry a mortgage? An example of the problem in terms of life planning is a household that moved here from California. They had for 10-20 years lived in a community that was jointly owned. Everyone had worked to rehab a set of houses forming a community. But if you left, you took nothing with you. They had invested a lot of time and energy to something they just walked out of. Is that a good model? Is it sustainable? Sharon ——— Sharon Villines http://affordablecohousing.com affordablecohousing [at] groups.io To subscribe: affordablecohousing+subscribe [at] groups.io
- Affordable (Co)housing Zev Paiss, April 19 2021
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