Cohousing-L Mailing List: Re: Affordable (Co)housing

[Sharon Villines (sharon]

> On Apr 30, 2021, at 10:36 PM, Bob Leigh <bobleigh [at] twomeeps.com> wrote:
> 
> 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?

Depends on their income. For most of us it is hard to realize how little money 
many people have. Not $3  in their wallet. In debt tens of thousands of 
dollars. Housing and food is the largest expense of that. Unless there is a 
chronic or catastrophic illness in the household.

Sharon
——— 
Sharon Villines
http://affordablecohousing.com
affordablecohousing [at] groups.io
To subscribe:
affordablecohousing+subscribe [at] groups.io