3 ms·
What's stopping anyone?
by googlryas 4y ago
What's stopping anyone?
- ensignavenger 4y agoMost folks aren't interested in housing cooperatives- too much work, they want to be able to move without strings, etc.
- cscurmudgeon 4y agoIt is always easy to ask others to do the moral thing.
- andrepd 4y agoSince credit and money creation is privatised, it is only available to for-profit ventures. Good luck obtaining credit to build an apartment building, if all you have is a contract signed by 100 people promising to take on 1/100th of the debt.
- onlyrealcuzzo 4y agoReverse this - get 100 people to take on construction loans to bud a co-operative to live in, and then refinance after completion. You'll have no problems - except people don't want to take the risk of owning.
- zajio1am 4y agoHousing cooperative can just take mortgage for the building. That is commonly done here when apartment houses are sold as a whole. It is simpler to make one big mortgage for cooperative instead if 100 smaller mortgages for individual flat owners.
- ilyt 4y agoThe ones that own rental properties have no reason to change business models and no competition (like say city-build-and-owned rental apartments)