Cohousing-L Mailing List: Re: Maintaining affordability

[Sharon Villines (sharon]

On Dec 28, 2003, at 10:01 PM, David L. Mandel wrote:

>     You presume that real estate is always a "good investment." In 
> fact, buy
> at the wrong time and you can get badly burned. Many people have.
>      If my housing costs less initially because it's not developed at 
> market
> prices and I therefore don't have to service a loan with a big chunk 
> of my
> income, I can invest the difference elsewhere to help secure my 
> retirement
> and other future needs.

If you can build at below market rates, go for it. I don't presume that 
real estate is a good investment -- many people including friends who 
are bankers and investors, do not believe that real estate is ever a 
good investment. They say only buy real estate if it is your home and 
you want to live there all your life. In that sense a home is always a 
good investment. But if you want to live in cohousing or to live 
anywhere that your home is securely yours, you pretty much have to 
purchase the home.

Sharon
-----
Sharon Villines
Takoma Village Cohousing, Washington DC
http://www.takomavillage.org

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