Re: Affordable (Co)housing
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
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