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

[Larry Miller (larry.miller]

>
> I'd dearly love to see more cohousing communities structured as coops in
> large measure because then the whole group owns the community, while
> each resident household owns a membership share (which costs a lot less
> than it costs to purchase a cohousing condo or townhouse). 

I would be really interested in knowing why a membership share costs less than 
a purchase, as
the land purchase and construction costs aren't any less expensive. Does this 
mean that "dues"
are much higher because members pay their share of a mortgage? It would seem 
that, in total,
members would end up paying as much as they would for a condo down payment plus 
mortgage payment
plus homeowner association dues.

Larry Miller