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Anoop N.'s avatar

Out of curiosity, how is the courtyard/maintenance thereof of a shared with courtyard legally handled in Europe? I suspect it's difficult to have a multiple different buildings, with different owners, sharing a courtyard in the US, unless there's some sort of HOA arrangement

Seth Zeren's avatar

One thing we learned from the New Urbanists and traditional neighborhood development is that when you're doing something new, different, and desirable it will become "luxury" even if it didn't start out that way. Case in point is Seaside FL, which started as a pretty ramshackle beach town with innovative/retro design principles and has become very expensive (because it's so nice!).

My suspicion is that the first ~20 years of a new courtyard housing movement will mainly be serving the upper 20% of income households, and we should manage expectations. (A small, 10-20, percent of the units are feasibly subsidized capital A affordable. But even if the first tranche of sales are "mid-market," if it is nice, then resales will quickly move to the top of the market.)

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