Not quite apples to oranges. In the Condo Association or the Co-op, the members own the land conjunctively or in joint tenancy. With interest disposal mechanisms in place.
The land trust will own the land. The homeowner could be notified to vacate structure and person at end of lease. The land could become so valuable that the trust may not justify one house on the land. Too many uncertainties compared to Co-ops,Condos, and single family homes. Craig A. Miller > This is a response to a point that Craig Miller raised about Land Trusts. > It is the same species like a condo or a coop. I > don't think you would have any objections to those forms of real estate > property ownership. Would you Craig? > Final question. Can your daughter afford to buy a house in your > neighborhood? If not, then I'd say we have an afforable housing problem. > > David Wilson > Loring Park > My daughter just got off training wheels. I couldn't afford Fulton til my late 20's. My new neighborhood doesn't cater to college educated entry level workers. I like it like that. Homeownership it the brutal filter to middle class. It's not meant for everyone. Especially the young and restless. Craig Miller Former Fultonite [EMAIL PROTECTED] > > > _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
