Re: Affordable (Co)housing
From: Bob Leigh (
Date: Fri, 30 Apr 2021 19:37:07 -0700 (PDT)
In Cambridge MA, for the four units Philip mentioned, there's an income
test only at the time of purchase not periodically.  It's been 20 years
since those units were built and occupied.  That's plenty of time to
accumulate funds and invest in other real estate, no?

Bob Leigh
Cornerstone Village Cohousing
Cambridge MA

On Wed, Apr 28, 2021 at 2:47 PM Sharon Villines via Cohousing-L <
cohousing-l [at]> wrote:

> > On Apr 20, 2021, at 8:52 AM, R Philip Dowds via Cohousing-L <
> cohousing-l [at]> wrote:
> >
> > A personal comment based on this information:  Is it a financially
> “dumb” move to buy into a limited equity unit, if a market-rate unit is
> (barely) within reach?  The historical evidence suggests No.  In terms of
> household wealth-building, it looks like toughing it out in a limited
> equity unit could release cash for investment in stocks and mutual funds,
> which often offer far higher returns.
> Except that in  places like Cambridge real estate has brought more gains.
> Do you have any idea how much less expensive it is to live in limited
> equity housing? I’ve heard projections from money management people about
> “invest” instead of pay a mortgage that assume one is using their extra
> $300,000 to invest.
> By definition anyone approved for limited equity house will not have any
> extra money sitting around. It would probably take years to accumulate
> enough to make a difference in the money markets.
> Sharon
> ———
> Sharon Villines
> affordablecohousing [at]
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