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> […] almost all housing in europe is owned like this. Did you mean social housing rather than housing in general? Because home ownership exceeds 50% in most E

> […] almost all housing in europe is owned like this. Did you mean social housing rather than housing in general? Because home ownership exceeds 50% in most European countries, just like the US. Social housing is often managed by cooperatives, but decades of neoliberalist thinking caused a lot of the larger of these cooperatives to invest in boondoggles and grandiose development projects completely unrelated to their core task rather than build more affordable housing. Coupled with the immoral self enrichment of upper management, mentioning European social housing cooperatives may not exactly support the point you are making.

TheOtherHobbes 11y ago
In the UK flats - apartments - are often run by a limited liability management company which collects maintenance fees and makes sure maintenance is performed. Some or all of the flat owners are directors, and company accounts have to be filed in the usual way. They're not co-ops in the usual sense, but they're not so different in practice. Obviously these companies aren't run for profit, but it's not unusual for companies to accumulate rainy day reserves and to make a little from interest.