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

[email4len (email4len]

Michael,

That's interesting that you say co-housing property values in good
markets tend to do better than conventional. I was imaginaing that the
opposite was true unless you had a waiting list which I think is
rather unusual. In six years my cohousing appreciation has been less
than half at best, compared to my local market. It must vary in
different markets and how efficiently you construct in the beginning.
We always advised people to not buy cohousing as an investment but for
the lifestyle only.

Len

--- In cohousing-L [at] yahoogroups.com, "Michael Kuropatkin"
<michael@s...> wrote:
> 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@y...] 
> Sent: Monday, April 18, 2005 3:07 PM
> To: cohousing-L@c...
> 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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