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You also don't know anything about co-ops. Frankly I think you are completely uneducated on any of this stuff. Go look up GHI in Greenbelt, Maryland. It's on
by ltbarcly3 2y ago
You also don't know anything about co-ops. Frankly I think you are completely uneducated on any of this stuff.
Go look up GHI in Greenbelt, Maryland. It's one of the oldest and largest co-ops in the USA. Housing in GHI is a fraction of the cost of the surrounding neighborhood, and the cause is that you cannot rent out GHI units. Only owners can live in their own units, which means speculators and landlords are simply banned from bidding up the costs. As a result, the cost to buy a unit there is a fraction of what it is right next door, maintenance on the units is better, crime is lower, services are better. It's a 100% walk able community that is run democratically. It's really a model for how housing could be built all across the country, but I guess you are the expert, we should keep doing what we do now and just let a couple billionaires complete a monopoly on having a roof, and hope that they only ask for 100% of our income and not more.