3 ms·
I don't know why they're not talking about cooperative ownership too! Limited-equity cooperative ownership seems to me seems the real third option. (Full-equity
by jrochkind1 6y ago
I don't know why they're not talking about cooperative ownership too! Limited-equity cooperative ownership seems to me seems the real third option. (Full-equity cooperatives like say NYC's market-rate alternative to condos is not what i'm talking about, and is just a form of ownership rather than another option).
https://shelterforce.org/2017/04/25/will-limited-equity-co-ops-make-comeback/ https://shelterforce.org/2017/04/25/will-limited-equity-co-o...
To make it accessible to all necessary income levels, it may need government subsidy, and has sometimes had it in the past (just as obviously government-owned housing would be assumed to get subsidy). But tenant-controlled cooperatives seem preferable in all ways to straight-out government ownership (which yeah, isn't that just public housing), and limited-equity tenant-controlled cooperative ownership has a pretty successful track record in the US and other places.
https://nationalcooperativelawcenter.com/co-ops-are-better-and-we-can-prove-it/ https://nationalcooperativelawcenter.com/co-ops-are-better-a...
- thex10 6y agoThis is what I thought the linked article would be about!