© 2014 ZOdwellings All rights reserved.

Thinking Inside the Housing Box

Collaborative LivingLoni Gray, collaborative living advisor, designer

1

© 2014 ZOdwellings All rights reserved. 2

Four quarters around a commons

2

© 2014 ZOdwellings All rights reserved.

Let’s buy the house

3

Purchase assumptions∙$1,000,000 price ∙2,898 sq ft, 5 BD/ 3BA∙$250,000 cost to modify for collaborative ownership∙Minimum 400 sq ft privacy realms with private bath for each family, plus 800+ sq ft Commons∙$30,000 purchase costs (3%), 20% down∙4.5% fixed-rate Conventional∙Taxes 1%, $12,000/yr. $1,000/monthly, Insurance $1,600/yr ($134/mo)

© 2014 ZOdwellings All rights reserved.

Costs: a nuclear family

4

One family in the house •2,898 sq ft used by this household•Loan: $830,000, •No rehab loan.•$200,000 cash down•$180,235 required household income to qualify for bank loan.•Monthly: $5,340 ($4,205.50 loan + $1,000 tx + $134 ins)

© 2014 ZOdwellings All rights reserved.

Costs: collaborative living

5

4 Households in the house•1,325+ sq ft use per household•Loan, $1,030,000 ($830,000 mtg + $250,000 redesign)

•$50,000 down each (or a mix)

•$234,523 required income; $6,606.20 mo. ($ 5,472.20 mtg +$1,000 tax + $134 insurance)

•$58,630 each family’s required income to qualify ($ 234,523/4)

•Monthly - $1,652 ea household ($6,606.20/4)

5

© 2014 ZOdwellings All rights reserved. 6

Costs summary

To live in the same neighborhood

•$58,630 is 32.5% of the $180,235 qualifying income.

•$1,652 monthly verses $5,340.

Micro-unit of 275 sq ft rents for…?

© 2014 ZOdwellings All rights reserved.

Loni Gray 510.655.4037 loni@ZOdwellings.com

7

Let’s talk!

Thinking Inside the Housing Box

Collaborative Living

John Gray 1952-1994