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If it's a ten unit building, how can it be anything but corporate ownership? I suppose we could pretend that all ten of the residents could create a co-op and t
by xhkkffbf 2y ago
If it's a ten unit building, how can it be anything but corporate ownership? I suppose we could pretend that all ten of the residents could create a co-op and that would be more like a single-family, owner-occupied home. But really, there's got to be a corporation there somewhere.
- aeternum 2y agoMore than I imagined are owned by individual investors. https://www.pewresearch.org/short-reads/2021/08/02/as-national-eviction-ban-expires-a-look-at-who-rents-and-who-owns-in-the-u-s/ft_21-07-16_landlordsrenters_3-png/ https://www.pewresearch.org/short-reads/2021/08/02/as-nation... Once you get to 25 units or more it is corporation dominated.
- DidYaWipe 2y agoI lived in a 15-unit one in L.A. that I don't think was corporate-owned. They put it on the market for something like $8 million. It was in a pretty good neighborhood on the west side, so I though hm, this price seems pretty low when a glorified garage in Culver City was selling for $1.4 million. But when I looked at the financials, it wasn't a good deal.
- fragmede 2y agoEven if we don't pretend, and those ten residents pool their money in some way, what sort of legal vehicle would they choose to use to structure the deal? Forming a corporation is gonna be on that list.