ELS3: Difference between revisions

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== Organizational structure ==
== Organizational structure ==
[[ELS3/Accounting]]


=== Questions to answer ===
=== Questions to answer ===
Expectations for owners?
Expectations for owners?
Expectations for renters?
Expectations for renters?
What to do if an owner wants out?
What to do if an owner wants out?
What is the expectation in 5 years, 10 years, more?
What is the expectation in 5 years, 10 years, more?


=== Thoughts ===
=== Thoughts ===
<add here>
 
[[User:Willscott|Willscott]] (on 2023-01-27): We've talked about the balance between ability to buy-out a leaving owner, and handling potential divergence between 'market value' and 'purchase value'. The thing that seems best for the community in my view would be something along the lines of:
 
# the house is given the option to buy-back the ownership share at <code>inflation-adjusted-purchase-price</code>.
# for sales at market value, half of the difference <code>[market value - inflation-adjusted-purchase-price]/2</code> goes to the house.
# for market sales, house retains 'right of first suggestion' for purchasers. (with some time boxing probably)

Latest revision as of 21:20, 24 March 2024

TODOs[edit]

  • organizational structure
  • loan financing
  • figuring out how much we can afford
  • figuring out what we want
  • timeline?

Organizational structure[edit]

ELS3/Accounting

Questions to answer[edit]

Expectations for owners?

Expectations for renters?

What to do if an owner wants out?

What is the expectation in 5 years, 10 years, more?

Thoughts[edit]

Willscott (on 2023-01-27): We've talked about the balance between ability to buy-out a leaving owner, and handling potential divergence between 'market value' and 'purchase value'. The thing that seems best for the community in my view would be something along the lines of:

  1. the house is given the option to buy-back the ownership share at inflation-adjusted-purchase-price.
  2. for sales at market value, half of the difference [market value - inflation-adjusted-purchase-price]/2 goes to the house.
  3. for market sales, house retains 'right of first suggestion' for purchasers. (with some time boxing probably)