Cohousing-L Mailing List: Re: losses

[Joelyn Malone (JKMalone]

At Monterey Cohousing in Minneapolis, we lost 4-digit money (per 
household) on a previous site before finding our successful site. When 
we were successful against big odds on our current site, we counted it 
as "the best education we could buy", to have gone through that and 
learned what it takes to make a project work. However, we did not try to 
roll the loss forward into the new site, as it was hard enough to make 
the figures work as a stand-alone project, without coming into it with 
debt.We would have needed a project three or four times as large as we 
are, to have spread the loss over sufficient numbers of households, and 
that wasn't going to happen on this piece of property that we love.