Re: Affordable (Co)housing
From: Sharon Villines (sharonsharonvillines.com)
Date: Sat, 1 May 2021 05:41:53 -0700 (PDT)
> On Apr 30, 2021, at 10:36 PM, Bob Leigh <bobleigh [at] twomeeps.com> wrote:
> 
> In Cambridge MA, for the four units Philip mentioned, there's an income
> test only at the time of purchase not periodically.  It's been 20 years
> since those units were built and occupied.  That's plenty of time to
> accumulate funds and invest in other real estate, no?

Depends on their income. For most of us it is hard to realize how little money 
many people have. Not $3  in their wallet. In debt tens of thousands of 
dollars. Housing and food is the largest expense of that. Unless there is a 
chronic or catastrophic illness in the household.

Sharon
——— 
Sharon Villines
http://affordablecohousing.com
affordablecohousing [at] groups.io
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