Cohousing-L Mailing List: 50% rate of return

[C2pattee (C2pattee]

ok-i'm willing to admit to being a financial ignoramus.  what exactly do you 
folks mean by 'rate of return'?  did initial investors get an interest rate 
of 50%? are they getting the dollar amount of the return as cash or as a 
reduction in final home cost?

several of us in greater hartford ct cohousing are reading these articles 
with great interest, as we get ready to jump into the great unknown of 
putting up serious money to get started.  i was surprised to read that one 
group is hiring various professionals, but not a development consultant.  we 
haven't selected our development consultant yet, but the firmest decision 
we've made so far is that we need one.


Christine Pattee
Greater Hartford CT Cohousing
c2pattee [at] aol.com

> Date: Wed, 19 Apr 2000 18:38:51 -0700
>  From: Mariana Almeida <mqa [at] pacbell.net>
>  To: cohousing-l [at] freedom2.mtn.org
>  Subject: Re: Membership fees (WAS Money and Greater Hartford Cohousing)
>  Message-ID: <4.1.20000419183215.00c25850 [at] postoffice.pacbell.net>
>  
>  East Bay Cohousing (in SF Bay, CA) just passed a membership dues agreement
>  that is almost identical to the one Lydia describes below. We are looking
>  for a site right now.
>  
>  Lydia, how were you all able to specify a return for early investment in
>  the high risk phase? We are feeling that without a site (with a price and #
>  of units it can hold) we cannot make a good guess on the rate of return.
>  How did you come up with 50% as the the rate of return for that phase? Does
>  that phase go from option to end of feasibility period? 
>  
>  Thanks in advance, 
>  Mariana Almeida
>