So tomorrow I will be consulting an attorney regarding all of this. Right now my focus is on collective ownership and all that entails; foreclosure law, best methods and practices, what to look out for etc. Please contribute any ideas, thoughts, questions, etc. to help this initial conversation to be as productive as possible. My personal thoughts are that $200.00 is a good and reasonable buy in. I also think some are able to do more or less. We are not capitalists, we can figure this shit out. There are a lot of ways to continue building this city other than monetary. But capital is also a must. I also think that anyone who buys in for say $200.00 should be able to be bought out for the same buy in at anytime. Additionally, I dont think this should be a profit motivated venture, i.e. If you buy in at $200.00 and work on the space for 6 months, whatever... $200.00 or whatever your buy in is what you should get back if and when you choose to exit... my view only. Lastly, I think it should take a majority of share holders to sell any property. These are some thoughts. Please contribute and as always folks can and are encouraged to join the group and the conversation ~~
Posted on: Tue, 11 Nov 2014 11:48:00 +0000
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