Well this is some tough stuff. When last I updated our status, we were eleven individuals representing a potential seven units — four couples and three singles.
One by one, we’ve lost our singles. One still had young adults not fully settled and wasn’t ready to give up her home. One, I think, felt not quite enough affinity in terms of interests and lifestyles. One came to the reluctant realization that her capital resources weren’t sufficient. (Our planning to date has been based on self-financing with a per-unit capital buy-in of $600,000.)
So we’re down to four units, all couples, at the moment, and it puts us in something of a quandary. After the first individual bowed out, we made a decision that we would not re-open recruitment at that point. The difficulty is that each new person puts us back to square one in building relationships. We don’t want to spend months or years in serial dating and never get to the point of commitment.
On the other hand, we’re not sure that a four unit community is sustainable, or that the four of us have the financial capacity to achieve our goals on our own. The continuing steep climb in Toronto housing prices doesn’t help.
It is, as one of our members put it, “a big conversation.”
Fortunately we had already planned a weekend retreat for early June. Here’s hoping we can find a way forward.