this post was submitted on 16 Jan 2024
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A co-op is another form of corporation. Dense, multi-family structures should be done that way.
What we don't want is for housing to be a speculative investment. Remove the profit motive of holding a house that's empty and reselling.
Up until very recently most housing in Finland was co-ops, and it's still extremely common although many new developments are built and owned by corporations which then rent them out.
I live and own shares in a new housing co-op (proportional to the size of my apartment), and all of us together own and run the building and we're renting the property from the city (although you can buy your share of that property off from the city if you don't want to pay that rent.) It's not a perfect system by any means but it's better than corporations owning everything; ideally the people who live in a building are the ones who decide how it's run, but of course that's sort of gone out the window too with rich people just buying properties speculatively and to rent them out. If enough of the shareholders in a building are rent-seekers, upkeep of the building is going to go way down because they don't live there themselves and don't give a shit about whether it's a nice place to live in, they care about making a profit.
Damn. Someone that actually understands how things work and isn't just painting absolutes across the board.