Re: COHOUSING-L digest 399 | <– Date –> <– Thread –> |
From: David L. Mandel (75407.2361![]() |
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Date: Wed, 22 Feb 95 13:39 CST |
this whole subject of cost apportionment and unit pricing has to be seen in the context of future relationships. it's so important not to attach value to particular units by virtue of anything other than their size when some people are unable to afford those units. we designed each one of our units in southside sacramento with advantages and disadvantages. nobady has a view of the rockies, the sierras or even the sutter buttes. 11 of the 25 units are on city streets with porches but no back yards and the other 14 are interior units, 11 of which have little back yards. we resisted our architect's plan to stick a bunch of units together and only 4 units were "sandwiched." we compromised between the purists (myself included) who wanted to stick to the unit size pricing method we had started with and the more capitalistically inclined (my partner included) who wanted to price units according to "market value" as determined by appraisers who were bonded to a standardized formula in which co-housing simply did not figure. we ended up adding a few thousand to the price of units with backyards because that's what the appraisers were doing and subtracting a few thousand for the sandwich units. (the sandwiches with the backyards got neutralized.) we (even the capitalistic types) all felt strongly that the units of the "low and moderate income" members (the ones who qualified for the loans from the City) should be no different from the "market rate" units. when our budget bit the dust half way through construction (thanks to practically doubled lumber costs and some other unexpected expenses) and we had to lop off fireplaces, hardwood floors, decks and other amenities, david (mandel) found funding from the northern cal community loan fund to bridge the gap and make it possible to build the same house for everyone, regardless of the source of his or her funding. of course, now every time an investment opportunity arises (hot tub, computer, printer, etc.), the issue rears its ugly head again, but i do think that the equal footing we established with our unit pricing is making it all alot easier and better.
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Re: COHOUSING-L digest 399 David L. Mandel, February 22 1995
- Re: COHOUSING-L digest 399 Fred H Olson WB0YQM, February 23 1995
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