Problems leaving LEHC
From: Reede Stockton (reedestocktonwillriley.com)
Date: Thu, 8 Sep 2016 09:19:06 -0700 (PDT)
This is bound to remain a problem with any small-scale solution to
affordability.

It's not really a problem with the model itself. It's a problem with our
vision of the   model as one that can seamlessly and effectively coexist
with the for-profit model as a niche solution.  It can't.

Long term success will require scaling up so there are enough options to
accommodate folks like your friends.

On Sep 8, 2016 8:41 AM, "Eris Weaver" <eris [at] erisweaver.info> wrote:


Sharon Villines said:
> So what you agree to now in terms of affordable or limited equity or
whatever, it needs
> to take into account your financial situation in 50 years. Agreeing to
limited equity
> works if you are paying less each month _and save that money_. Otherwise
you can
> end up with too little money to move somewhere else. Ever.
>
> At the age of 60 with no savings in the form of assets or independent
income, life is
> tough.

YES! I know a few folks who have lived for years in a limited equity rural
community...now they are old and less interested & able to chop firewood for
heat, etc. but they are STUCK because the rest of the county is so expensive
and they can't recoup any investment in the community, so they can't afford
to live anywhere!


***************************
Eris Weaver for Cotati City Council
eris4citycouncil [at] erisweaver.info • 707-338-8589
https://www.facebook.com/ErisWeaver4CotatiCityCouncil






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