this post was submitted on 04 Sep 2023
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I actually recently learned about housing co-ops. Basically an apartment complex led by a committee of residents. It's non profit high density housing, so you can buy a share (meaning rent an apartment) at much lower rates. As an example, in my area the co-ops are at 1/2 to 2/3 the cost of traditional rentals. The downside is, from what I hear, the folks managing the apartment complex can be even worse than an HOA if you're unlucky.
IMO this is the sustainable way forward for housing.
I would love a co op
Yeah, I hope more open up. I reached out to one and they said they have a 2 year wait-list unfortunately, haha....