Sampling two multi-family properties listed in the #LakeMerritt neighborhood of #Oakland; I analyzed housing costs using the #EBPREC "#LandWithoutLandlords" model for Resident and Community owned #Cooperative housing.

Without government assistance, purchasing at market rate, and putting another 20% into property improvements #EBPREC *still* reduces housing costs by 25%.

~$2.70/mo/sq ft vs the market average of $3.60/mo/sq ft.

21 unit: https://docs.google.com/spreadsheets/d/1GAcioMC-myuzLy4V8KZXYy4qJmbi91x837yjyscf_6A/edit#gid=1838079884

3 unit: https://docs.google.com/spreadsheets/d/1AVA9Dv49TgkP_WyHOGGwT2FjcsCBGWrm8apnR3tQE8s/edit#gid=1838079884

Super excited to be a founding investor member/owner in the East Bay Permanent Real Estate Cooperative #EBPREC

Let’s take housing off the speculative market! #LandWithoutLandlords