Cohousing-L Mailing List: Re: affordable housing [was: Cohousing-L Digest...

[Ann Zabaldo (zabaldo]

Hi Ron!

There is an American in Christchurch, NZ who is working on this very topic.  I 
talked w/ her while I was there earlier in 2019.  I’m sure there are people 
right here in the US who are making this a pathway to homeownership and 
financial participation in the housing market.  I would start w/ ENTERPRISE, 
the foundation that has been working in low income housing for 30+ years 
founded by James Rouse, the developer of the planned community Columbia, MD, 
Baltimore Festival Harbor, Faneuil Hall in Boston, etc. etc. etc.  A little 
googling will likely produce more results.

Best --

Ann Zabaldo
Takoma Village Cohousing
Washington, DC
Member, Board of Directors
Mid Atlantic Cohousing
Principal, Cohousing Collaborative, LLC
Falls Church, VA
202.546.4654

Dear Karma — I have a list of people you missed.


> On Jan 6, 2020, at 10:00 AM, Fred-List manager <fholson [at] cohousing.org> 
> wrote:
> 
> Ron Ingram <ingramr88 [at] gmail.com>
> is the author of the message below.  It was posted by
> Fred, the Cohousing-L list manager <fholson [at] cohousing.org>
> 
> Ron's reply was to a digest that slipped by my screen for
> excessive quoting. I deleted quoted digest and restored
> subject line.  Fred
> 
> 
> --------------------  FORWARDED MESSAGE FOLLOWS --------------------
> 
> Does anyone think there will ever be universal rent equity. For example,
> let's say I have a real estate portfolio with several apartment buildings
> and homes that I rent to tenants, each rental payment they make goes toward
> a certain percentage of profit share. So instead of just paying rent, you
> are actually investing, helping the portfolio owner to buy more properies
> to which you also financially profit. You can change and move apartments
> within the portfolio to maintain your percentage of profit share or equity
> share. I know these words are not interchangeable and I may not be using
> them correctly. But hopefully someone gets the picture. When you exit the
> portfolio altogether......still fleshing this out but assuming you can
> transfer or sell your share or....if the portfolio also has homes, you
> could use your equity in the portfolio rentals as the downpayment on a
> mortgaged home.
> 
> This will help those who are cash strappped both afford current rent  and
> build up the rental equity for a downpayment on a home. If this were a
> thing, many people would gladly rent and help take care of their rentals
> because they too are invested at a higher level.
> 
> Thought about this for awhile. If I added up all the rent, deposits, admin
> fees etc I could have money for several downpayments on a nice home on my
> budget, even at the low end of paying $500/mo for 10 years.
> 
> Ron
> 
> 
> 
> On Sun, Jan 5, 2020, 9:02 AM Ty Albright via Cohousing-L <
> cohousing-l [at] cohousing.org> wrote:
> 
>> The reason home ownership (vs renting) results in equity over time - is the
>> forced payment of mortgage amortization and re-investment in maintenance
>> over time (your house becomes an equity sink / savings over time).  Yes -
>> there is value appreciation (not always) - but this works only if you stay
>> put long term (real estate transactions are expensive and eat up "profit")
>> and DO NOT fall to the temptation of getting a 2nd lien "home equity loan"
>> based on your home appreciated value over time.
>> 
>> If you did the math in detail - based only on numbers - it will show that
>> you should own your house because you like your house and want a nice place
>> to live - not because its an "investment".  Renting provides flexibility -
>> ownership can provide entrapment.
>> 
>> This based on my 40+ years' experience in real estate.
>> 
>> Ty
>> 
>> Ty Albright Project Management
>> Little Red Hen LLC
>> 214-336-7952
>> tmalbright [at] verizon.net
>> www.linkedin.com/in/tmalbright
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