Cohousing-L Mailing List: RE: resale of cohousing untis during down markets

[Michael Kuropatkin (michael]

Fran

First let me say I don't know the answer to your specific question.

It would seem that what you are interested in is:  would cohousing homes
fair any worse than conventional housing during a down real estate market?  

My two cents in the absence of hard date:
I imagine that, for all the reasons that cohousing tends to do better than
conventional in an ok or good market, it would do fine in a down market.
Perhaps even better (for some of the same reasons).

Good luck in your decision process.

Michael Kuropatkin
Milagro Cohousing - A Community in Balance with Nature
Tucson, Arizona


-----Original Message-----
From: Fran Davis [mailto:fdavishbs [at] yahoo.com] 
Sent: Monday, April 18, 2005 3:07 PM
To: cohousing-L [at] cohousing.org
Subject: [C-L]_ resale of cohousing untis during down markets

Hi Folks,

        I'm exploring possibilities re co-housing but am
concerned if I need to sell in next few years about
how co-housing tends to hold up in the downturns (such
as is currently being warn of in the US these days).


 I know that units tend to turn over reasonably easily
these days.  I am told that it's because it's a
specialized demand for which not much product is 
available, and that most places have waiting lists for
units.

        However, the real estate market has been hot these
past several years, and I'm wondering whether that's
why units have been able to sell. 
So I would like to ask those who have been around a
while what happened with cohousing units during soft
or  declining real estate markets? 
For example, what happened with cohousing units in
California during the 
1990s, in Boston during the late 1980s or early 1990s,
in Houston 
around
1990, or similar bad real estate markets?

  Any experiences or observations to share would be
GREATLY appreciated.  
Thanks in advance!

Regards,
Fran Davis

Fran Davis, Ph.D.
Licensed Psychologist
MBA & Alumni Career Services
Harvard Business School
One Mifflin Place
Cambridge, MA 02138
617.492.9224
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