Cohousing-L Mailing List: RE: co-housing and real-estate investments

[Dan Everett (dme]

We are drawing up our documents, and are considering a clause which grants 
the community the option to buy any member's lot at a "limited equity value,"
equal to the money they put into their house plus inflation, before they
can sell it elsewhere at a higher price.

The intent of this clause is to prevent the value of these lots from rising
so rapidly that they are no longer affordable to moderate-income families.
(As community living becomes the trendy lifestyle of the future!) 

We also wish to attract people who see this as a place to live rather than 
as a lucrative real-estate investment.

Does anyone have experience with such a provision? How well has it worked
out for you?

                        Thanks,

                        Dan Everett
                        Kinney Ridge Community
                        Athens GA