Cohousing-L Mailing List: Re: Investing in Cohousing, new model from Austria

[Chuck Harrison (cfharr]

Irmgard, thanks for sharing; this is intriguing although I am unclear on
some of the details.

It seems that investors can expect to withdraw more Euro when they exit
than they originally invested, but only to the extent that inflation is
neutralized (by an official CPI factor). In general it's expected that
investors will stay invested regardless of market conditions, as the payout
from exiting is never a particularly good or bad deal financially.

This arrangement allows sympathetic outside investors to create a
residential community that the residents would not have been able to afford
with just their own wealth, with a relatively small "interest" burden. What
I am wondering is whether one could add a contractual mechanism that
encourages a transition, over time, towards fully resident-owned property.
In the end it could be similar to a cooperative housing development (which
is a well-established structure in the U.S. -- not sure if the same is true
in Europe).

I guess I worry that outsiders who invested (with low financial returns)
motivated by wanting to create new community housing in one place might,
after the development is complete, like to withdraw their investments and
use them to support new housing creation elsewhere. But who is motivated to
replace them -- to invest (at low interest) just to keep an existing
residential development afloat? It seems the obvious answer is: the people
who live there are motivated.

It's certainly worthwhile to think about creative alternatives to the
standard financial tools, and it will be interesting to see how these
projects work out over time.

Chuck



On Thu, Jan 5, 2023 at 9:44 AM Irmgard Kravogel <i.kravogel [at] gmx.at> wrote:

> Hello everyone,
>
> I  am an attentive but silent reader of most of your discussions here that
> mostly seem to aim at the situation of American  Cohousing. It seems that
> your situation is different because here in Austria most of or Coho
> communities are of mixed age and that is what most of the people seem to be
> looking for. Senior CoHo is only very slowly starting here….
>
> Today, I would like to contribute something to this discussion about a new
> investment model from Austria.
>
> My Cohousing has been around since 2005 and we financed quite
> traditionally via subsidized loans and bank loans.
>
> But the newer Cohousings in Austria use a new financing/investment model
> that is very attractive and allows people with lesser funds to participate.
> It is called „Wealthpool" and was invented by an Austrian Lawyer and
> Community Councellor. Here is the website in English that explains the
> system: http://www.vermoegenspool.at/eng/who.php <
> http://www.vermoegenspool.at/eng/who.php>
>
> Maybe this idea is stimulating for the US market too?
>
> A big thank you to all you people that keep up this amazing and very
> valuable list-serve!
>
> Kind regards from Lebensraum
> Irmgard Kravogel
>
> www.derlebensraum.com <http://www.derlebensraum.com/>
> Austria’s first CoHousing Community
>
> i.kravogel [at] gmx.at
>
>
>
>
>
> > Am 05.01.2023 um 13:15 schrieb cohousing-l-request [at] cohousing.org:
> >
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> >   1. Coho-interested investment zoom (Fred-List manager)
> >   2. Re: Investing in Cohousing (Hafidha Sofia)
> >   3. Re: Investing in Cohousing (Ron Ingram)
> >   4. Re: Investing in Cohousing (Linda Kato)
> >
> >
> > ----------------------------------------------------------------------
> >
> > Message: 1
> > Date: Thu, 5 Jan 2023 06:11:08 -0600 (CST)
> > From: Fred-List manager <fholson [at] cohousing.org>
> > To: Cohousing-L mailing list <cohousing-l [at] cohousing.org>
> > Subject: [C-L]_ Coho-interested investment zoom
> > Message-ID: <alpine.DEB.2.21.2301050607540.38076 [at] web15.tigertech.net>
> > Content-Type: text/plain; charset=US-ASCII
> >
> > Jim Bronson <jimbronsonashland [at] gmail.com>
> > is the author of the message below.  It was posted by Fred of
> > the Cohousing-L management team <cohousing-l-owner [at] cohousing.org>
> > after deleting quoted digest and restoring subject line.
> >
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> >
> > --------------------  FORWARDED MESSAGE FOLLOWS --------------------
> >
> > The coho-interested investment zoom gathering was convened to help
> > like-minded people meet each other and consider how best to support each
> > other in a risky business.  The summary from Sharon and questions from
> > Brian are a sign that we are on a good track.  Looking forward to keeping
> > in touch as we help evolve an optimal investment process.
> >
> > A note to others who would like to join future coho-interested investment
> > discussions: please give me your email contact.  Smiles.  Jim
> >
> >
> >
> > End of Cohousing-L Digest, Vol 228, Issue 6
> > *******************************************
>
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