These posts are so generous. They make the world a better place. Particularly love the thoughts about how sticking to 100% fairness isn’t a useful practice in creating community. I’d never thought of this and found the concept liberating
This is tremendous writing. It is focused on getting the big picture right before diving into details. I can’t believe there are not more comments. My interest is not in communal living, but in buying a ski area cabin with one or two other couples. We might occasionally vacation with the couple(s) as friends, but the primary motive to partner is economic. No one can afford the cabin on their own. Each couple likely using it a few weeks of the year and then renting it the rest of the year hopefully making a modest financial return. Likely hold for 10 years or so then sell as we are in our upper 60’s. Some of your great advice applies but of course it is slanted to communal living. Do you know of another blogger that is more specifically focused on the type of situation I describe?
Thank you again for your writing. It is tremendous.
I think most of what I'm describing here would apply to your situation. In your case, you'd need some more agreements on how to manage the rentals (e.g. when to rent and who deals with issues when they arise). But a lot of the same principles shoud apply.
Thank you for sharing! We live in CA, and the LLC has an 800$ annual franchise tax board fee. is that something that you just assume as an operational cost?
These posts are so generous. They make the world a better place. Particularly love the thoughts about how sticking to 100% fairness isn’t a useful practice in creating community. I’d never thought of this and found the concept liberating
Thanks Susan. Really appreciate the kind words
Hello Phil,
This is tremendous writing. It is focused on getting the big picture right before diving into details. I can’t believe there are not more comments. My interest is not in communal living, but in buying a ski area cabin with one or two other couples. We might occasionally vacation with the couple(s) as friends, but the primary motive to partner is economic. No one can afford the cabin on their own. Each couple likely using it a few weeks of the year and then renting it the rest of the year hopefully making a modest financial return. Likely hold for 10 years or so then sell as we are in our upper 60’s. Some of your great advice applies but of course it is slanted to communal living. Do you know of another blogger that is more specifically focused on the type of situation I describe?
Thank you again for your writing. It is tremendous.
Thanks Scott! Appreciate the kind words.
I think most of what I'm describing here would apply to your situation. In your case, you'd need some more agreements on how to manage the rentals (e.g. when to rent and who deals with issues when they arise). But a lot of the same principles shoud apply.
What a great article, Phil. Thanks for writing this all out. I agree, simple tends to be better (especially where you have trust among friends).
Appreciate it, Kyle.
Can't wait for part 3!
Thank you for sharing! We live in CA, and the LLC has an 800$ annual franchise tax board fee. is that something that you just assume as an operational cost?
Yes.