Housing network

Roger Fryer's picture
Submitted by Roger Fryer on 28 January 2010 - 7:20pm
What's this idea about?
In less than 100 words, what is your idea?: 
Networking for people approaching retirement and others concerned about the high cost of housing. Self-funding, flexible way of having equity in quality housing by teaming up in small groups. Perhaps designing a new type of housing never seen before. Tsunami of baby-boomers approaching retirement who may have resources but don't want to blow it all on housing.
What is the social need or challenge your idea could address?: 
Baby boomer retirement housing. Challenge the high cost of owning quality property. Many retiring baby boomers won't have enough super or equity in their own homes.
What’s really new about your idea?: 
Most types of housing are designed to maximise profits for peripherals like builders, property developers, real estate agents, architects, local government, etc, or achieve economies of scale for government service providers without achieving value for the owner(s). Let's crack this. Five people with $200,000 can buy a property worth $1 million.
Stage of development
What inspired you to come up with your idea in the first place?: 
My own situation. I own a quality property with a mortgage I won't be able to pay when I retire soon. With just one other person I could solve this looming problem.
From 1-5, what stage of development would you say your idea is in? - Explain further: 
Stage 1 looking for others who may be interested. A website and some promotion will help find the people we are looking for. All that is needed is networking.
What can we do for you?
Tell us what we can do for you: 
Help to get the message out. Help to build a website.
Select which are the one or two most important things that you need to help the development of your idea: 
Developer - to help you create your software
Mentor - to help you through the process of turning your idea into reality
If Social Innovation Camp is able to help push your idea forward, do you have the time or desire to take ownership of it?: 
Yes
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Penny's picture

Re: Housing network

by Penny - 8 Feb 2010 - 9:59am
Great idea. Recent AHURI research identifies a gap in the housing market for affordable housing for retirees who want some kind of linked-up housing. Retirement villages are expensive and have complex contracts. So called not-for-profit villages expect "ingoing contributions" and all options have ongoing fees. Smaller, more boutique solutions have a place. The AHURI researchers found that the happiest movers were those who'd chosen their destination or village as a group of friends.

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