It's too soon to decide whether or not we want to buy our lots since we don't know the price. Even people who really want to buy their lots won't know whether it will make sense for them until the lot prices are set ... and it could be a year or so before we know them. (Although we can make some reasonable guesses ... more about that later.)
What we are getting closer to knowing is whether or not we are in support of the park becoming a "resident-owned" park … a highly-regulated process that we call "conversion."
At the open meeting on October 14, attendees ranked several questions we had heard asked in many conversations and meetings. We will be researching and reporting answers to those questions. However, it seems like they fit into a higher category of primary issues that need to be addressed before we can decide how we feel about the conversion process in general. Therefore, we have gathered the questions under the following headings and will address these categories and the specific questions separately.
The plan is to release a discussion of each category in a written form in the tubes and to schedule living room meetings where we can discuss them in more detail. We would love to hear your thoughts ... and invite you to host a living room meeting where you and your neighbors can talk in a calm environment about these questions and how they affect your individual situations.
Please comment with your thoughts or email them to jwycoff@me.com
How will conversion affect the value of my home? Will the lot price be reasonable and reflect the value of the total package of my home and the lot price? How will it compare price-wise with single family homes in the area? Will it be easier or harder to sell once a potential buyer will be buying a piece of real estate that includes land and structure? Related questions were:
- #3 What method of appraisal will be used to determine lot prices? (26 votes)
- #4 Will conversion lower the value of my house? (23 votes)
- #6 If I don’t buy my lot, what happens when I sell my house? Will I lose the value in my house? (17 votes)
- #11 What does getting a permanent foundation involve? (10 votes)
- #12 How will lot prices be affected by changes in the real estate market? (8 votes)
Who could be harmed by the conversion process? Would anybody be evicted or have their rents escalated beyond affordability? Unless conversion protects all of us, it can't be good for our community. Related questions were:
- #1 What will happen to my space rent if I don’t buy my lot? (32 votes)
- #2 What will the price of the lots be? (will they be affordable?)
- #7 Can someone else buy my lot (but not my house) if I don’t buy it? (14 votes)
How will conversion affect the long-term health of the park? Mesa Dunes is a beautiful, upscale park and a lovely place to live. We want it to stay that way. Our safety and well-being (both financial and social) depend on this park continuing to be an attractive place to live. Will a resident-owned park maintain ... or improve ... our current standards? Related questions were:
- #5 What will happen if a major system (water, sewer, etc.) breaks after conversion? (18 votes)
- #9 How will the new HOA Board be chosen? (10 votes)
- #10 Will the same CC&Rs apply after conversion? (10 votes)
What would happen if conversion is stopped by those who oppose it? The owner has decided to sell his property and there are several ways he could do that. How would we be affected if this conversion is stopped and he decides to opt for one of the other methods? Related questions were:
- #8 Does SB 510 affect this conversion? (13 votes)
