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> I don't think there's a great solution for the American rental system yet other than less profit-maximizing owners or schemes like HDB flats in Singapore. Th
by anonymouskimmer 4y ago
> I don't think there's a great solution for the American rental system yet other than less profit-maximizing owners or schemes like HDB flats in Singapore.
There are various co-ops that exist in the US to buy things like apartment complexes that the tenants then take ownership in.
There are things such as Council housing in the UK.
There are various alternate reality types of systems that basically haven't been tried, or have only been tried in small numbers.
Once you bring in profit-maximizers into a larger, mostly free-market sector you tend the entire industry in the one direction of profit-maximizing (as the profit-maximizers can outbid the others on newly entering housing).
- 98codes 4y ago> to buy things Exactly. That's not renting, and co-op owners aren't landlords unless they turn around and rent the unit out.
- anonymouskimmer 4y agoYeah, but it's an ownership alternative for people who are otherwise stuck being long-term renters. And for long-term renters I think ownership is the better alternative in many cases.