Re: question about cohousing communities that have not made it | <– Date –> <– Thread –> |
From: Sharon Villines (sharon![]() |
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Date: Sat, 31 Jul 2021 09:59:12 -0700 (PDT) |
> On Jul 29, 2021, at 7:57 PM, T G <triciamill9 [at] gmail.com> wrote: > > 64% failure rate, wow. Does anyone know how long most people keep trying > before they decide to throw in the towel? I mean, you can only put in so > much money before you decide to cut your losses.....Where is the breaking > point? In the earliest periods the issue isn’t usually about money but about the time it takes to develop a strong core group, learn what needs to be done, and make a plan to do it. The number of groups that fail are probably still at this point. Groups have lost a lot of money trying to develop cohousing — just as everyone else who has tried to develop a real estate dependent project. Real estate is risky. Eventually, it means finding households who can afford to pay for the units a group plans. That is a dynamic process of we have these people who can afford this — is that what we can build. And the “we” is important. Cohousing is a cooperative process of people working together by sharing abilities. More and more mainstream developers are becoming more interested in cohousing. The actual process is not so different than developing any other multi-household property. The client may not even be less complicated than other clients. So more developers can be enticed but it does help to have a developer. I don’t have the numbers but I can’t imagine that a developer doesn’t save groups money. It has to cost more to build 35 units when you start from knowing nothing and have to get up to speed from ground zero than if you build 35 units with someone who has done it before. Groups also fall apart when so much time has gone by that the core people are no longer able to continue focusing on cohousing. People who want their children to start school in a place where they will stay until high school will want to plant themselves in such a school district and not wait until the group has land. People also leave the area. The estimate at one point was that in the US, one-third of all households move every year. So there is a normal flow of people whose lives are changing unrelated to cohousing. Imagine yourself sitting in a room with 10 people — some friends and some strangers. Now begin discussing locations and architectural design preferences. You have a pile of papers with numbers that tell you what it will take financially to do this or that. How long do you think that group would stay together? What compromises would need to be made? How far are you willing to go in changing your living arrangements to allow everyone in the group to stay? The failure rate is high because the idea is compelling and so many people think they want to live in cohousing. That doesn’t mean the 64% were all very realistic in their plans. Or that they got far enough to have plans. Sharon ——— Sharon Villines, Editor & Publisher Affordable Housing means 30% of household income Cohousing means self-developed, self-governed, self-managed http://affordablecohousing.com
- Re: question about cohousing communities that have not made it, (continued)
- Re: question about cohousing communities that have not made it Elizabeth Magill, July 29 2021
- Special Interest Cohousing [ was question about cohousing communities that have not made it Sharon Villines, July 29 2021
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Re: question about cohousing communities that have not made it T G, July 29 2021
- Re: question about cohousing communities that have not made it Kathryn McCamant, July 30 2021
- Re: question about cohousing communities that have not made it Sharon Villines, July 31 2021
- Re: question about cohousing communities that have not made it Rod Lambert, July 30 2021
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