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> I'm not saying this model can't work. It could work under two restrictions ... I mean, this is fundamentally the same issue that banks have. You cash out the
by NoahZuniga 1y ago
> I'm not saying this model can't work. It could work under two restrictions ...
I mean, this is fundamentally the same issue that banks have. You cash out the money you have a bank at any time you like, but the bank can't demand back the loans it issues. As long as enough people don't decide to move out at the same time, they should be fine and not get a "bank run". Also it says in the article that they all have a long wait-list, so they should be able to fill your spot pretty quickly (even if the current tenant doesn't find a replacement tenant).
- NoahZuniga 1y ago> I mean, this is fundamentally the same issue that banks have... And they mostly seem to be fine. And when the banks failed in 2008, so too did (at least some) of the Swiss co-ops.