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A group of interested buyers who could afford to find its construction if it weren't for investors driving prices sky high.

• nostromo 7y ago
  > A group of interested buyers ... so, investors.
  • colechristensen 7y ago
    No. You are not an investor if you're buying your own home to live in.
    • darawk 7y ago
      And who is going to organize this process?
      • colechristensen 7y ago
        The people who would like to live there.
        • darawk 7y ago
          Ok. How is that going to work? How will the process be coordinated? Contractors hired? Decisions made?
          • colechristensen 7y ago
            There are lots of options. One is forming a co-op organization and using that to build, then the board of the co-op is in control of that kind of thing. Units are mapped to shares of the entity and there are no other shares. Buying a unit means buying shares. Building upkeep is handled with a regular fee. A significant portion of owned apartments around the world are operated in a similar arrangement.
            • darawk 7y ago
              But wouldn't you have to wait until you sign up say, 100 or 200 people to build a reasonably dense apartment building? How is that going to be practical? A co-op is then going to have to run on consensus about what sorts of amenities to build, and what to do with common spaces, etc. Another question might be: there's nothing stopping anyone from doing this now. You could go start one of these at this very moment if you wanted to. Why do you think it hasn't been done?