Cohousing-L Mailing List: Re: Urban Affordable Cooperative Cohousing Communities.

[Sharon Villines (sharon]

> Joani Blank <joani [at] swansway.com>

> is the author of the message below.  It
> each resident household owns a membership share (which costs a lot  
> less
> than it costs to purchase a cohousing condo or townhouse).

Why would this be true? The whole complex would cost just as much to  
build. Is it a savings on the individual legal fees?

> in a coop, one's membership
> share does not increase in value (no more more than a small cost of
> living increase) no matter how long one lives there.

This isn't part of the definition of a coop. Normally the price of  
one's share increases with the market just as any other form of  
ownership.

If one's investment doesn't increase in value, one can never move.  
Unless one has other forms of income that do increase.

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