Lets focus the mind. I think there is great merit in this idea.
Its not the done thing these last few decades but as I write I type it from a house one of 8 houses that was built in the 50’s by a small group of friends. That was 3 generations ago. its purely conincidental that I rent this place now. Its a plain as you are Semi-D.
One thing that the PIN has demonstrated is shared intention can produce results.
It is obvious there is a good mix of abilites on the property pin for exaple and I know such a mix of people are capable using their exisiting skills attained in industriy for personal and wider benefit with better reults. In a legal “Co-Op” format, business as you like for shared social needs. remivng teh profit element means you could probbaly double or triple your aspirations. You are the builder home owner.
You have the choice of Sole Trader, Liited COmpany, Partner Ship and Co-OP. So the legal framework .
For arguemtns sake there is not site cost for a moment.
Lets say your average person has the earning capability to fund a 2500 sq ft home, Imagine what the collective buying and orginisational power of 10 or 20 people could do if they came together mutually to build. Its not fantasy, in fact the building socities whom loan mortages to home buyers started out this way a long time ago.
Remove the profit and get to the point. A home you love and could see generation living in for a long long time and that doens’t destory the palce you live in. There seems to be more of a culture of Housing Co-Ops in the UK and the rest of Europe but sadly as is the rental sector shabby and immature so is this end.
I would hope that all the alternative will be more than possible post boom.
Now that we’ve seen what industry can achieve and that is collapse its time to look at the alternatives with hindsight and imagination as our guide.
My idea would be to see more “Form To Build Co-op’s” form and support. It would be useful if there was a good guide or manual as a starting point and I bet we could find one from our European cousins.
There is nothing new in this its just that its not really seen as a serious option and I think its one f the most interesting.
The main issue is “the Land”.
There is only one high profile example I know of and that is thevillage.ie but from what I have heard there may be some lesson to learn from that already and its not finished AFAIK. I also don’t think you need to even go this far to do what I am talking about.
Heres one approach, find some reasonable sized existing structure.
It really doesn’t have to be that big and propose a Co-Op design that includes “up” as its primary feature. So you can build close to town or city. All you need is the right sub contractor who can output the design.
Something tells me there will be plenty looking for work.
So now that I’ve opened this topic again I’d appreciate all contributions as to how people think this can be achieved. I would prefer not to hear “it will never work in Ireland”. People said we would never have a bubble or property crash like