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Housing cooperatives are very common in cities and are an attempt at breaking this cycle; you don't own your home, but a share in the apartment block. Because i
by Valgrim 6y ago
Housing cooperatives are very common in cities and are an attempt at breaking this cycle; you don't own your home, but a share in the apartment block. Because it is not operated for profit, the rent is so low that you can afford to accumulate and invest your capital in other ways (such as creating a business).
- zdragnar 6y agoI visited a few housing co-ops near the university where I went to school, and you couldn't find a more disgusting, run down place to live in the city if you had tried. That was more of a rental than an ownership situation, which I suspect changes the equation a bit. Either way, co-ops are definitely not a magical solution.