3 ms·

I dont see private ownership of apartment buildings happening anytime soon. I worry we might see the opposite. Someone will be convinced the "solution" to the

• kylehotchkiss 5y ago
  Nobody is going to be willing to fork over the building maintenance fees (which will continue to increase over the years) after their mortgages are paid off.
  • Ekaros 5y ago
    It is a cultural thing. Some countries have private ownership of apartment buildings to be very common. One way is a LLC where stock grants rights to single apartment. Then LLC charges monthly fee. Or even loans for larger renovations/maintenance to owners.
    • BeetleB 5y ago
      > One way is a LLC where stock grants rights to single apartment. That is literally "corporations buying residential housing." It may be different than the ones in this story, but that's where the challenge in the law will be - how do you forbid/discourage one type of corporate ownership vs another type?
  • chordalkeyboard 5y ago
    they seem to pay maintenance on their homes regardless of mortgage....