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(6) - what do you mean by “should have the right”? Anyone has the right to buy a trailer park, including The residents.
by namdnay 5y ago
(6) - what do you mean by “should have the right”? Anyone has the right to buy a trailer park, including The residents.
- cletus 5y agoI mean if a sufficient number of residents support it, they can forcibly purchase the land or building they're sharing as a cooperative. Of course, they should pay market rates for it. Think of it as a private application of eminent domain. As far as I'm concerned, the rights of people to live in the homes they technically own without being extorted by a REIT who owns the land those houses sits on trumps property "rights" of REITs. Worldwide this sort of thing does happen. Example: the UK system of leasehold/freehold.
- oflannabhra 5y agoGuessing GP means “have the option to buy”, regardless if the current owner is selling.