We used to have something like this in the UK, but then under "right to buy", the vast majority of the council funded housing was sold off to private landlords

We used to have something like this in the UK, but then under "right to buy", the vast majority of the council funded housing was sold off to private landlords (council tenants usually did not have the funds to buy themselves, so were offered deals by large private landlords like "we'll give you £10k, you can keep living there for 10 years, we'll give you the money to buy it, you then sell it straight on to us"), and they're now doing a second round of the same to sell off what remains. So - we now have large corporations like the Curo group who own what was once local authority housing and run it for profit - meaning that at any given time about 30% of their 13,000 properties are unoccupied, that their tenants never have any maintenance issues addressed, and the rents are high - and the waiting lists are worse than when it was publicly operated. Never mind the impact on the rest of the property market, with insanely inflated prices, as nobody wants to build anything new as it'll decrease the value of their portfolio. So - housing cooperatives/local authority housing are great, but beware the state selling them to private profit-making entities. It hasn't ended well here, and it absolutely is the case that poverty is profitable. The poorer and more trapped they are the more secure your investment is.