Cohousing-L Mailing List: Re: making cohousing affordable

[Katie Henry (katie-henry]

Sophie raises several excellent points. All of the links I provided were new or 
very recent construction. I totally agree that anything built pre-COVID will 
have very different financials.
Many of the listings were for brand new, unoccupied buildings, which I thought 
was interesting. I guess builders in this region are now building speculative 
apartment buildings and marketing them to investors/landlords?

Katie Henry

Heartwood Commons - Tulsa
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Sophie Rubin wrote:
Buying existing buildings is a great idea but beware:
1) the price of existing multi family has *nothing* and I mean *nothing* to do 
with current construction prices!! It has to do with income generated by the 
property. Anything you build new in any jurisdiction in the US right now will 
*not* be competitive against existing units.2) tenants’ rights. I suspect this 
is why we have not yet seen many existing buildings purchased for cohousing: 
communitarians either cannot or will not evict current residents.  At best, 
this slows down the cohousing “development” process to the speed of natural 
turnover.It does seem to me like a more viable option for forming communities 
now, understanding how long and how difficult new, purpose-built development is.