I don't know about how coops work in the US, but my thinking about this idea in a previous thread e-land might be to structure as a coop, where you have transacting shares (1 member=1 vote) and then land shares (you can buy how ever much you want/need) maybe to get a "transacting share" you must own at least some threashold of landshare and you can have rules about what you must do to retain that share. Note: before a company becomes publically tradeable it is responsible for the maintaining the registry of share holders, and it's record is considered the legal title. Also, under the electronic transactions act, if all parties consent to making their contracts electronically (via a sufficiently available & reliable system, such as ssb) then that is legally valid.
It would be too costly to subdivide the property and hold title over a subsection, but it would be easy to hold a share of a coop/company that owned it, and still sell that share if you needed to.
- eat guavas
- engage in agriculture
- use computers
- solar power
What would you want to with it?
I don't know if there is owner financing. Would you like me to ask the listing agent?
Cool stuff. Pahoa is pretty close to here. Any plans to return to the island?
@cel I'll definitely return, if for no other reason than an anniversary trip in a few years.
I don't know too much about timeshares, but could those ideas be put to use here?
$32,000 / 365 days = ~$88 / day
$1000 for 10 days of guaranteed lodging on the Big Island isn't too shabby. You'll probably pay more for any hotel.
The prospect of a #platformcoop type company that holds titles and facilitates benefits to members such as access to other time "shared" destinations could even start making this sound like a lucrative investment ;)
@kumavis the map is from here:
The colors are to indicate when each parcel was last sold:
@jer i'm not aware of any nuclear power plants or supervillains, but there is reputed to be a goddess in the volcano.
@mwmeyer that is a cool idea, but maybe better to be applied elsewhere - we are interested here in a more communal or cooperative-based thing i think.
@amnovak @happy0 i could try to make and share some content.
currently, @mikey and i are committing to substantially cover the purchase cost. we are thinking to share title as individuals, until maybe making a cooperative legal entity for it later. if anyone else wants to join us in taking on responsibility for a large-ish portion, please private message us. we are also glad to accept smaller contributions as donations towards this spider farm expansion and/or future building projects.
i spoke with the listing agent and she is waiting for the seller to sign the listing agreement, which is why the lot is not yet on MLS, but she expects them to do so and we are planning to talk on monday at which time i plan to make an offer.
i'm excited for the opportunity to expand #spider-farm and the dreams associated with it. thanks @cel for the invitation to participate, i'm happy to share resources i have available to me simply because of my privilege.
By more of a communal thing, do you mean
@mwmeyer if i was to say "a more communal or cooperative-based thing", i would mean: i want to maximize high-trust cooperative relationships that benefit community and commons, minimize low-trust transactional relationships that benefit capital.
a timeshare model does coordinate a group of people to cooperatively share a common resource, however the method is to simplify the relationship into a very rigid economic transaction: you can stay at this property for X days per year in exchange for an initial cost of Y dollars and recurring cost of Z dollars per year (i'm guessing this is how it works, correct me if i'm wrong). the benefit of this approach is that you don't have to trust your peers much, since the terms are so clear. if they can't afford the initial cost, or the recurring cost, or mess up the property during their visit, you are isolated from their misfortune. but in my opinion it's missing any sense of community, any sense of shared human connection (empathy), any sense of a truly common resource. this all being said, a timeshare model is great when people all want what it has to offer, but i don't think we want what it offers.