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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (38801)	8/22/2005 2:34:25 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

the rental market is so depressed there isn't any need for the commune part. I am looking out my window right now at a rental that can be had for less than property taxes if you bought today. $1.4 million dollar house which might rent for $2500 if they can get that. IF.

To: John Vosilla who wrote (38801)	8/22/2005 2:47:12 PM
From: Tommaso	Respond to of 306849

The house I live in was built as a kind of upper-end spec house in the 1920s. Or maybe upper-mid. Anyway, for several years it was occupied by TWO families; I do not know how many people in each family. Then there was one owner, who lost possession of the house in the Depression; it ended up belonging to a life insurance company and became a rental property for a while. It went back into private hands about 1940 and the family that took possession owned it for more than 35 years. How they ever raised seven or eight children in the house I wouldn't know. It only had four modest-sized bedrooms and only one complete bath, though at one point someone set up a shower stall in the basement. However, I think that shower was meant for the black servants who lived in the detached garage (unheated) and used a tiny washroom and toilet off the back porch. In any case, for many years, six to ten people occupied a basically well-constructed house but one that only had one bathtub. No shower. Three toilets, however. The people living in the house were not poor. The black family living out in the garage definitely were. For my family, the house serves as a kind of comfortable apartment with lots of yard. Two families of three or four who moved into a four-bedroom, 2 1/2 bath house, which is now considered a relatively modest domicile, would be much better off in terms of space, privacy, and convenience than the people who lived in my house over the first 55 years of its existence. Or, as you say, you could have a kind of mixed commune of up to ten people in such a house, sharing utilities and rent.