Cohousing-L Mailing List: Re: Article in Boston Business Journal

[stella tarnay (starnay]

Interesting piece, Jim. One of the initiatives I've been interested in TCN
undertaking is a bonafide study of resale values in coho. A partnershp
between the Network and a univeristy, perhaps with a graduate student team
taking the lead toward their dissertations or theses, would be a good way
to structure it.

For my part, of course, I'd love to publish results in the Journal.

Stella



>A short article on cohousing is here:
>
>http://boston.bizjournals.com/boston/stories/2002/09/09/focus11.html
>
>with the following quote:
>
>"Informal tracking of the resale value of homes in cohousing neighborhoods
>over the past 10 years has demonstrated that cohousing homes hold their
>value at or above other new housing in the local market," said Neshama
>Abraham, president of Abraham & Associates. "This value can be attributed to
>the advantage of living in a setting where you know your neighbors and have
>the ongoing benefits of social contact and safety. Appraisers are beginning
>to account for these factors."
>
>Of course, the article also does note that "Abraham & Associates LLC is a
>Boulder-based public relations and marketing company that helps cohousing
>communities attract new members."
>
>So, who knows -- maybe in a few more years there will be enough data to do a
>real study comparing coho & non-coho housing appreciation. Especially data
>comparing 2nd sales to third sales, etc. - those initial sale prices are
>mostly about how well the group managed development costs, rather than any
>long-term indication of what people are willing to pay for cohousing.
>
>-Jim, New View, Acton MA
>
>(where we have a home for sale for only the 2nd time in 7 years -- see our
>website for details -- and a goodbye party in an hour. This was one of those
>'ricochet' sales: Nancy & Pablo moved out, Jim & Sue bought their house, now
>Jim & Sue need a buyer for their house.)
>
>Jim Snyder-Grant
>jimsg [at] newview.org
>18 Half Moon Hill
>Acton MA 01720
>New View Cohousing
>http://www.newview.org
>
>
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