My comments from the Daily Zero
Interesting concept, but there are some certain pitfalls involved. As pointed out, if you aren't in the clique, or you fall out of favor, it could be rather miserable. Also having your neighbor know your financial situation (have to submit a personal financial statement) is a bit unnerving.

At $400,000 or so per unit, the cost is WAY over what the average person would want to spend. You could build a single green structure with 900-1,800SF for much less. Value wise, I don't know that it will stand the test of time, as the ease of entry and exit is extremely difficult.

Just finished building a 3300 SF home and a 2,000 SF shop on 5 acres for $400,000. Ease of entry and exit, just need to find a buyer. Pretty straight forward.

I didn't see any information on exit strategies for members, so that would likely need to be addressed for folks not on the inside with the core group. Comp sales outside of the development could be condos, I guess.

I hope they succeed.

I wished them luck. I took the time to review the house plans, but to me the value vs. risk arguement was an issue for me.

Like you say, they are essentially a condo HOA with stricter rules that you would find anywhere else in the US, except for maybe some New York City condo's. You have to file a personal financial statement, which for me would be a deal breaker, go through 4 stages of approval to live there, and at the entry price of $400M for a 1,700-1,800SF condo, that is just too steep for me. $200-250M would be reasonable, but these folks are creating Seabrook in Olympia. I know Seabrook, nice, overpriced, grean building project. Seabrook has $300M 700SF cottages for sale, but I'm not buying.

Unfortunately green, at least the way they have done it, costs too much green. Get that price point down to a reasonable and "sustainable" figure, and they could sell them all day long.

No issues with the concept of group living, but if you needed to exit the project in a hurry, and you were out of favor with the group, they could literally hold up a sale of your property just to screw with you. That would not be cool and it could have an impact on the resale value as teh hold or marketing time would be extended over a similar condo. This is my biggest issue with HOA's, people getting into your personal decisions. That's why I live where I live.

I gave an honest review of the project as I saw it, looking at both sides. Hopefully I didn't upset anybody, as that was not my intent.

Imagine the issue they would have if I decided to burn some brush.