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this post was submitted on 05 Dec 2023
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I agree in the case of single-family homes. Even in cases of 3 or 4 unit buildings. But how do you propose full-on complexes get run if not by a company? Very few individuals have the capital to buy a 50-unit building, and honestly, the US needs more dense urban housing to help reduce our impact on climate.
Easy. Non-profit co-ops, ideally as part of land trusts. They keep prices reasonable, give all community members a say, and the people who are lucky enough to live in them love them.
My opinion that would be just like asking who would own the streets you use to get to it.
We don't wonder how that really expensive bridge gets owned... Sometimes it's due to tolls but not always.
Cooperative-like legal structures and public housing are viable options.
Condos. (for non-Americans, this means "apartments except owner-occupied, or at least individually owned and then rented out"
I lived in a 200+ unit condo building. Owned my unit and some proportion of the common stuff and had voting rights and such in the HOA.