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The construction industry would collapse as buying confidence would disappear. Buildings with large amounts of renters would likely fall into disarray over the
by JambalayaJimbo 2y ago
The construction industry would collapse as buying confidence would disappear. Buildings with large amounts of renters would likely fall into disarray over the long term.
- bradlys 2y agoAre you saying that basically all co-ops are inept? I’m not saying they’re perfect but many do just fine.
- BeetleB 2y agoCo-ops that are involved in building apartments? They're so few they're irrelevant. It still needs the members to put in a fair amount of money - likely a lot more than the average renter can afford. And it requires "decent" members. Try being a landlord for the "median" renter, and you'll see how many irresponsible people are out there. A lot of below median folks have zero interest in maintaining their place - even if they own it. They'd make for very poor co-op members.