Co-Own Company LLC

We are still here!

A main component of our company is to provide owned urban housing to young middle-class buyers.

In other words, giving Millennials the same opportunity to own in-town real estate that their parents and grandparents had.

And we still will. In fact, when the current interest rate spike ends, the shortage of housing in our urban centers for first-time buyers will have reached unparalleled levels. And the demand will be higher than ever. (Even immigration is working to fill up every available urban housing unit – a few are being built right now).

So our company will be more ripe than ever to build our co-owned housing, sell homes, earn a profit, and do it again and again.

As frustrating as it is, however, we must wait until mortgage rates start heading lower so that construction lenders will get back in the lending business. Housing requires a lot of capital, and banks have mostly stopped lending (don’t even get me started on my opinion of that).

We wish that we could start our projects today because I firmly believe that rates will be in the 5%s by the time our houses/townhouses are completed.

You may recall that mortgage rates tend to follow the 10-Year Treasury, which keeps rising at the moment, to record levels for the past 17 years.

However, most experts, including the Mortgage Bankers Association, project that the 10 Year Treasury will drop by 2025 and that 30-year mortgage rates will drop with it (mba predicts (in August 2023) that mortgage rates will be in the 4%s in 2025).

We have a $33T national debt, so do the math on refinancing that long-term at 4%+, and you can quickly figure out why the Fed and all other parties need to eventually lower rates. We cannot afford to pay $1.3T yearly in interest alone on our debt.

At even 5% mortgage rates, our co-owned units will be very successful (ie less than renting in most cities), and in great demand in multiple cities, and we will be ready to meet that demand.

We are working now to finalize co-op documents, advertising materials, and share loan materials.

So we are still here (in our office in Denver), we are working every day, we will be successful, and we will honor our initial investors with a great company, and our upside is larger than ever.

Please contact me at 303 802 6700 anytime. I am always glad to talk about the good days ahead.

We are happy to report that we have another building site tied up in Denver! This second project will be another 24 unit town home development, similar to our first Denver site on Holly Street. Please visit our website at https://co-ownco.com for more details on the Emerson Street project.

As we continue to hear more and more news reports (https://www.nytimes.com/2021/11/11/your-money/single-mothers-home-buyer-pandemic.html, https://www.nytimes.com/2021/10/22/opinion/cohousing-mothers-pandemic-community.html?searchResultPosition=1) about housing costs rising at a rate faster than wages, we recognize that our product is the obvious solution to this crisis. In a world where rents are too high and people continue to live in isolation, co-living and co-ownership will be the future of housing.

We are excited to announce that we have a new interior designer on our team, Katie Diederich. Katie’s mission is to provide a modern, eco-friendly, and high-tech interior space with exposed ‘industrial’ elements. We want to ensure that we design a space where shared living is comfortable, innovative, and easy to live in.

The Co-Own Company - The Co-Own Company Own It Changing the future of homeownership with new-build, net-zero, co-owned housing. Own It Changing the future of homeownership with new-build, net-zero, co-owned housing. Millennials are being boxed out of the housing market. We’re here to get you back in the game. The Co-Own Company was form...

An article was recently published in Denver's 303 Magazine talking about the Co-Own Company.

“When people think about cooperative housing, sometimes they think about standard co-ops like you hear about in New York and California,” said Sarah Wells, Co-Own Co.’s director of sales. “What we think about more commonly in Colorado is shared housing. What we’re doing is really combining those two concepts.”

“Across the United States, there are lots of co-living models that have popped up where one can rent,” she continued, “but for us, the backbone of our project is to have an ownership stake. There hasn’t been anything like this in the United States that we know about.”

Read more here: 

The Co-Own Company Is Changing the Game for Future Denver Homeowners Starting in early 2022, those looking to buy a home in Denver will have a brand-new option to help them do so — at a fraction of the usual cost. The Co-Own Company, which develops, sells and manage…

We're excited to announce that we've met our minimum goal of raising $200,000! More work lies ahead, but meeting our minimum goal allows us to start work on our King Street project (https://co-ownco.com/denver/king-street-home/) in northwestern Denver. More work lies ahead on our journey to create nationwide, scalable, for-profit shared ownership housing in the United States.

Thank you to all of our wonderful investors for helping make all of this possible! We are looking forward to seeing more of you join us on our final goal of reaching $1,000,000 raised on Wefunder (https://wefunder.com/co-ownco).