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One of the reasons that I currently rent an apartment instead of owning a single family home is that I want someone else to handle maintenance. Maintenance issu
by mcculley 4y ago
One of the reasons that I currently rent an apartment instead of owning a single family home is that I want someone else to handle maintenance. Maintenance issues involve more than just "agreements with fellow apartment owners". There are common areas, common equipment such as elevators, trash chute, pool, gym, and common services such as security guards, maintenance staff, and concierge. In condos, this is managed by the homeowners association. Proposing that apartment buildings such not be owned by corporations, but instead that only condominiums should exist, with associated homeowners associations, is to propose a less liquid housing market.
I have owned single family homes and condos and rented apartments and condos. There are good reasons for all of these choices. Those proposing to allow fewer choices are not convincing me that they have thought it through.
- quartesixte 4y agoPerhaps that homeowners association stays as the developer, and we write laws and regulations that keep the developer beholden to certain standards of maintenance and safe living standards. Perhaps competition will arise between developers who advertise certain levels of amenities and service. The basic minimum can be run by a government housing corporation that sets the baseline standard of living for all other developers to measure themselves against. The possibilities here are endless. We don't have to keep living the way we do in the USA.
- mcculley 4y agoI agree that new ways of doing things are possible. I’m not convinced that anyone is helped by limiting options for who can own a building.