Re: Mirador Astronomy Village Living Accommodations #poll
I can't answer the "why" for anyone else, but I can maybe manage to answer a potential "how".
The form of rental that worked for us (my intentional community
is a co-op, now celebrating its 80th year) was to have each
resident own a share of the place which was owned cooperatively.
We set the rent price ourselves and paid this monthly rent to
ourselves in order to fund the various departments of the house
such as supplies, food, repairs, etc. (a small amount of funds
also came from payments from busy folx to cover their missed
chores). No position was paid, but you were required to have a
position to live there.
The recruitment manager(s)'s job, for example, was to keep track
of who was going to move in or move out and find new people to
replace those moving out (when there wasn't a waiting list, and it
would comfortably vacillate between too few and too many people
wanting to populate the place).
We paid such affordable rent for room & board, which allowed
each of us to spend more time valuing each other and pursuing our
individual dreams, rather than working ourselves just to barely
afford housing or re-purchase dozens of things that make more
sense to share. And yet, despite the affordability, with 29
residents we always had savings every month, and last decade we
repaired our extension, installed new windows, and redid the
stucco (Something like $200k+).
So it's a strangely effective system. If you set it up right. Insurance was set up and handled by a company connected to the father of one of the original members. When you pay your first rent and deposit you become an owner. There is no equity. And the shares do nothing presently, and everyone is happy to just contribute now, but at one time in the past you were issued a lovely little certificate of stock. (Still some of these sitting around in the finance closet somewhere). The purpose of these was to track a small dividend returned to renters each year that gradually was forgotten about or dispensed with.
How it was founded was the coop got a loan from another cooperative or two in the 1930s which they paid back. The coop group (created by a woman naturally!) swooped in and bought a frat house that had recently gone bankrupt due to mismanagement.
I would guess with a sharehouse you could have a different loaning partner that is less likely to decline than a bank, such as the larger ecovillage community's own bank. Or this "funding" thing may be a moot issue if its worked into the site plan.
I'd be happy to explain anything else about my home community,
and how it handled various inevitable troubles that societies are
bound to encounter. I miss it all the time. Feels like such a
natural way to live for me as opposed to considering what I would
have to do to consider traditional home ownership.
On 6/9/20 5:53 PM, Sharon Villines via groups.io wrote:
This may be a duplicate question, but why rentals? How will you finance construction? What cohousing groups do is presell the units. Then the construction loan is based on those contracts. When the units close (or lots if you are doing RVs or tents), you pay back the construction loan. With additional sales you start again to build more and to build common spaces.