JoeDavola Posted November 10, 2013 Share Posted November 10, 2013 (edited) Was reading about crowd funding earlier and how it's branching into larger community projects (e.g. building a park); it got me thinking; why couldn't you crowd fund an apartment block? Everyone buys a single apartment and pays just the cost that it takes to build it i.e. no money goes to company profits, and the price of the apartment is the build cost and not what the 'market' dictates.... I wonder would this make buying an apartment in certain parts of the world much cheaper, or is the issue really the cost of land? Edited November 10, 2013 by JoeDavola Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted November 10, 2013 Share Posted November 10, 2013 Slight problem.... Isn't the whole problem the lack and cost of land with planning? Quote Link to comment Share on other sites More sharing options...
Traktion Posted November 10, 2013 Share Posted November 10, 2013 Sounds like a good idea to me! It's a bit like a modern take on a traditional building society. Quote Link to comment Share on other sites More sharing options...
motch Posted November 10, 2013 Share Posted November 10, 2013 (edited) Could work in the UK perhaps. say 20-100 HPC's invest 20k-50k each buying a BIG plot with planning permission and build a low cost block/big terrace with a communal hall as an extra and decent grounds. worth a try. on the other hand could try and save this: http://www.gofundme.com/56mpho Edited November 10, 2013 by motch Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted November 10, 2013 Share Posted November 10, 2013 I hear Magenta homes, among others, have got potential crowd funded apartment blocks that they apparently can't give away. http://www.housepricecrash.co.uk/forum/index.php?showtopic=194587 Quote Link to comment Share on other sites More sharing options...
porca misèria Posted November 10, 2013 Share Posted November 10, 2013 Was reading about crowd funding earlier and how it's branching into larger community projects (e.g. building a park); it got me thinking; why couldn't you crowd fund an apartment block? Everyone buys a single apartment and pays just the cost that it takes to build it i.e. no money goes to company profits, and the price of the apartment is the build cost and not what the 'market' dictates.... I wonder would this make buying an apartment in certain parts of the world much cheaper, or is the issue really the cost of land? Reinventing the hippie-era commune for an age in which people expect the privacy of their own front door! Quote Link to comment Share on other sites More sharing options...
gadget Posted November 10, 2013 Share Posted November 10, 2013 Was reading about crowd funding earlier and how it's branching into larger community projects (e.g. building a park); it got me thinking; why couldn't you crowd fund an apartment block? Everyone buys a single apartment and pays just the cost that it takes to build it i.e. no money goes to company profits, and the price of the apartment is the build cost and not what the 'market' dictates.... I wonder would this make buying an apartment in certain parts of the world much cheaper, or is the issue really the cost of land? Think this already exists. I've definitely seen on TV a programme of a group of people who bought / built a whole street. Plus there's this (which leans towards the hippie / commune side of things) http://www.theguardian.com/artanddesign/2013/may/07/uk-self-build-pioneers Quote Link to comment Share on other sites More sharing options...
motch Posted November 10, 2013 Share Posted November 10, 2013 Reinventing the hippie-era commune for an age in which people expect the privacy of their own front door! Could get some decent flat/housing densities into a 2-3 acre plot all with their own front door. How about 15foot by 25foot room, 12 to 15 foot high with a mezannine level side by side? could get loads built per acre with comunal gardens or even small individual gardens. Could adjust sizes/rooms up and down to suit various budgets. Quote Link to comment Share on other sites More sharing options...
JoeDavola Posted November 10, 2013 Author Share Posted November 10, 2013 (edited) Could get some decent flat/housing densities into a 2-3 acre plot all with their own front door. How about 15foot by 25foot room, 12 to 15 foot high with a mezannine level side by side? could get loads built per acre with comunal gardens or even small individual gardens. Could adjust sizes/rooms up and down to suit various budgets. Was actually thinking build high but everyone gets a really good sized apartment - heck if it was as simple as everyone gets a whole floor each would it make the building simpler? Your idea might be easier in terms of planning though! Edited November 10, 2013 by JoeDavola Quote Link to comment Share on other sites More sharing options...
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