Cohousing-L Mailing List: Re: making cohousing affordable

[Sharon Villines (sharon]

> On Jan 30, 2025, at 4:49 PM, Katie Henry <katie-henry [at] att.net> wrote:
> 
> 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?

It may also be because of deals falling through. These are huge transactions 
between corporations. One builds and another takes over marketing, etc. We had 
a large empty commercial lot (mostly a swamp) because of market changes, 
bankruptcies, changes in company focus, etc. One company took down the building 
and left a hole. Another started development and left an even bigger hole. Then 
the plan to do condos failed and it turned into a rental building. 

That may be what is happening with these buildings. The hand-off didn’t go as 
planned.

Sharon
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Sharon Villines
Takoma Village Cohousing, Washington DC
http://www.takomavillage.org