Cohousing-L Mailing List: Re: Resale

[hp (harryp]

On a non-coho house there are two components - the land value and the
house/building value. Generally the house depreciates as it ages - meaning
that its value goes down. Usually lands values go up over time - sometimes
very little, sometimes a lot depending on whether that community/town/city
is 'hot' at the moment or not 'hot'. For example, California is definitely
not hot sinces the dotcom meltdown. And many cities/towns go through cycles
like that. In Toronto, supposedly land (house?) values never went down - yet
not that long ago prices fell by 50%.

- Harry




on 11/9/01 9:32 PM, Gina Campbell Emanuel at gce [at] u.arizona.edu wrote:

> I have seen information on the cohousing.org website that cohousing
> units appreciate as fast as regular houses and even more.  I was just
> wondering if anyone had personal experience with selling their cohousing
> unit and if this turned out to be true.  Also, what is the average
> amount of time it takes to sell your home.  I would imagine it would
> take longer to sell than a regular house?
> 
> Thanks,
> Gina Emanuel
> 
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