Quote:
Originally Posted by bizaro86
The appreciation split is still a good deal for the buyers, since they don't have to pay back the 20k. On a 200,000 property, if the buyer lives in it for 5 years, and appreciation is 3% per year, it'd be worth 231,854. If they sold at that point, the 25% that the organization keeps would be just under 8,000. To repay 8k to clear a 20k debt is a good deal, IMO.
Obviously I made some assumptions, but I think they're reasonable. Even 10 years at 3% appreciation would only have the buyer paying back 17,195 at the end, so still a good deal.
|
Make no mistake it's a crazy good deal though.
As for tough expenses, how about Flames season tickets?
I get a lot of joy out of them but $3k every August is a tough pill to swallow.