this post was submitted on 16 Sep 2024
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[–] [email protected] 7 points 1 month ago (1 children)

Typically apartment blocks are owned and managed by a HOA.

[–] [email protected] 5 points 1 month ago (2 children)

That's where then fun starts. You "own" your apartment but can't do shit without approval by 20 nimbys. Also you pay into a HOA fund for general stuff.

Owning apartments is the worst of both worlds. Get a huge loan just and still don't get to do with your property what you want. It's "property" commodified and enshittyficated. But what can one do these days? Buy a house? hahahahaha.

[–] [email protected] 6 points 1 month ago (1 children)

It seems only Americans actually have this problem though. Rarely here complaints over here about HOAs.

[–] [email protected] 2 points 1 month ago

There are European countries that have similar systems for apartment buildings where every unit is owend by a different person.

[–] [email protected] 3 points 1 month ago* (last edited 1 month ago)

enshittyficated

Lmao. This argument isn't worth having.