ELS3

TODOs

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

Organizational structure

Questions to answer

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

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)