The Mudcat Café TM
Thread #42660   Message #620868
Posted By: Charley Noble
04-Jan-02 - 10:10 AM
Thread Name: BS: Buying a house; your best tips?
Subject: RE: BS: Buying a house; your best tips?
Well, there's some good advice above. You may want to talk with some housing co-op people as well, another flexible way of sharing private property while establishing guidelines for cycling individuals in and out. I helped establish a 7-person co-op in a 2-family home in Michigan back in 1972 and while none of the original members are still in residence the Rivendell Co-op is still functioning; we set it up so that people could move in and out for the equivalent of a security deposit. Members had no equity interest in the property, title being held by the Co-op corporation. This option will not be everyone's cup of herbal tea, but it worked well enough for us so that there were seldom more than 2 people being replaced in any one year. We had a lovely set of bylaws which hopefully the current members can find...Good luck, Peg!

Landlady's Daughter, not to be confused with Charley Noble