Cohousing-L Mailing List: Re: Durham, NC: 2BR/2BA in Village Hearth

[Virgil Huston (virgil.huston1955]

Holy moly, Durham, NC, over $500,000 for 1150 square foot condo with $500
ish HOA fees. I guess I expect this from CA or MA (two places I wouldn't
live in a million years), but North Carolina? I guess I am posting my
reaction because I am interested in co-housing, but I will never come close
to affording it. I guess I am happy for those who can. I have been on this
listserv for years and never seen a co-housing home I could even hope to
afford in any location, plus HOA fees are as much as I remember mortgage
payments to be. I am fixed income Army retired and I am super happy I own
my single house in what I call a great lower income neighborhood (that is
worth a fourth of this condo price). My neighborhood is old and certainly
not upscale, but is safe and very nice, mixed rental and owner and very
diverse (probably way more diverse than any co-housing). It is a great
neighborhood and I love it, but I would also love the community
that co-housing promises. The funny thing is we considered Durham a number
of years ago because my brother-in-law is there and it was too expensive
for a house that we looked at, but nothing like half a million for a condo.
Part of me wishes I had bought that house if this is what real estate costs
now in Durham, I could have made a fortune.

Not trying to be a jerk, but if co-housing is this expensive, I always
wonder what all the chatter is about "affordable housing." Other than it is
just a talking point to make people feel better. Or whatever. My wife and I
would love to live in a co-housing atmosphere, but we simply aren't rich
enough (and we aren't totally poor). And no amount of "affordable housing"
double talk will ever change that.

Cheers

On Thu, Nov 10, 2022 at 6:38 PM Pat McAulay via Cohousing-L <
cohousing-l [at] cohousing.org> wrote:

> Village Hearth Cohousing: Intentional community in Durham, NC, designed by
> and for the 55+ LGBTQ community and their Allies. Immediate occupancy for
> this newly available condo. Welcome Home! Village Hearth:
> https://www.VillageHearthCohousing.com
>
>
>
> This home is a 1152 sf two bedroom / two bath single story accessible
> condo. The home is priced at $514,000. HOA dues for 2023 cover many of your
> basic expenses at $476/month. This light-filled home has vaulted ceilings
> with a skylight, Avion countertops, and a welcoming covered porch. There
> are two remote parking spaces with onsite access to an electric car
> charging station. Flyer for home: https://tinyurl.com/57f43s7t
>
>
>
> Come be a part of all Village Hearth has to offer! Enjoy a meal or event
> in the Common House, garden with your neighbors, join a work team and
> complete a task with other members. Contribute to the maintenance and
> governance of the community, then sit back and enjoy the sunset from the
> terrace. Newsletter archive: https://bit.ly/3tdGRh7
>
>
>
> Just 15 minutes from vibrant downtown Durham, you’ll have access to world
> class medical care, an international airport, abundant outdoor activities,
> and award-winning restaurants, sports, theatre, art, music, and
> dance. Durham, NC: https://www.discoverdurham.com
>
>
>
> Welcome Home to Village Hearth!
>
>
>
> Email VillageHearthCohousing at gmail dot com or call Margaret at
> 561-714-8009 for more information.
>
>
>
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