Cohousing-L Mailing List: Re: Value upon resale

[pattymara [at] juno.com (pattymara]

"Sharon DiSanto" <roselyn.sharon [at] gmail.com> wrote:
Will the resale value of a unit (California) follow the same trend as the 
typical housing market?

At Tierra Nueva on the Central CA coast, our 1100 sq ft, 3 bedroom duplex home 
price in 1998 (first move-in) was $161,000.  When we refinanced a few years ago 
it was appraised at $304,000.  Similar units have sold more recently for $325 k 
and higher.  I would say our resale "value" has been awesome, but how do you 
value anything in this insane unreal real estate market?  And how long can the 
bubble last?  

What matters more to me, and to whatever legacy we leave our children, is how 
we value one another in community.  How do we keep our hearts open to one 
another?

coheartedly,

PattyMara Gourley
Tierra Nueva Cohousing
www.gourleydesign.com
"For it isn't enough to talk about peace. One must believe in it. One must work 
at it."                                                                         
                                --Eleanor Roosevelt