ELS3

From WikiDotMako

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)