Having renting be the default for apartments is part of the problem. It is very normal where I live that a developer build an apartment building and the sells the apartments to individuals who own the living space and co-own and maintain the shared spaces. The developer takes the winnings and never interferes with the building again.
But then you have to deal with the politics of running the complex.
It’s like having an HOA but even more impactful on your daily life since you have to walk through the common area and such - at least with a standalone home you own the land and are directly connected to a public street.
Having lived both in buildings where my family owned one apartment, and houses where there was an HOA, i can tell you that the politics of the apartment building was not even close to how insne an HOA is. it was mostly taking about the budget, prioritizing repairs, and security
If you buy into a poorly managed building though you are screwed. Many buildings don’t keep enough cash on hand for unexpected bills because they want to keep the fees low for residents. Then an elevator breaks, sewage backs up, someone floods their apartment, and all of a sudden there’s a $20,000 bill that everyone has to pony up money for.
that is true, we had to change administrators one time and it was not an easy process. my comment was mostly that the blanket statement of “politics in an apartment complex are worse that an HOA” is not true, it depends on the building and the HOA
In the US you can be kicked out of your apartment with only 60 days of warning without cause (the owners only have to claim they need it for personal use or some other bs).
That is part of why people hate renting. 60 days isn’t enough time to find a new place, pack everything up, and move all while working 50 hours a week.
Why does renting have to be the automatic assumption? We’re simply talking about two different ways to organize living space, not how it’s financed. Shit, we should take a page out of Finland’s book, and make some actually really good public housing and make it available to everyone.
housing co-ops are basically the standard here in sweden and it’s perfectly fine, just because america makes things suck doesn’t mean they have to inherently be bad. Obviously if you execute a concept in the worst way imaginable it’s going to suck, that’s not rocket science.
There’s a principle in economic analysis called “Ceteri paribus”, “other things equal”. So, if you’re renting in the image on the right, you’re also renting on the image on the left.
Renting sucks and relying on a landlord is awful. I bought a small house and keep my yard wild.
Having renting be the default for apartments is part of the problem. It is very normal where I live that a developer build an apartment building and the sells the apartments to individuals who own the living space and co-own and maintain the shared spaces. The developer takes the winnings and never interferes with the building again.
But then you have to deal with the politics of running the complex.
It’s like having an HOA but even more impactful on your daily life since you have to walk through the common area and such - at least with a standalone home you own the land and are directly connected to a public street.
Having lived both in buildings where my family owned one apartment, and houses where there was an HOA, i can tell you that the politics of the apartment building was not even close to how insne an HOA is. it was mostly taking about the budget, prioritizing repairs, and security
If you buy into a poorly managed building though you are screwed. Many buildings don’t keep enough cash on hand for unexpected bills because they want to keep the fees low for residents. Then an elevator breaks, sewage backs up, someone floods their apartment, and all of a sudden there’s a $20,000 bill that everyone has to pony up money for.
that is true, we had to change administrators one time and it was not an easy process. my comment was mostly that the blanket statement of “politics in an apartment complex are worse that an HOA” is not true, it depends on the building and the HOA
Sadly this is true, my parents are living this in their condo right now.
At least in my country it is very normal to own your apartment
In the US you can be kicked out of your apartment with only 60 days of warning without cause (the owners only have to claim they need it for personal use or some other bs).
That is part of why people hate renting. 60 days isn’t enough time to find a new place, pack everything up, and move all while working 50 hours a week.
Why does renting have to be the automatic assumption? We’re simply talking about two different ways to organize living space, not how it’s financed. Shit, we should take a page out of Finland’s book, and make some actually really good public housing and make it available to everyone.
Because capitalism.
Co-operative run housing largely eliminates those problems.
Sounds like the other hell on earth … an hoa
housing co-ops are basically the standard here in sweden and it’s perfectly fine, just because america makes things suck doesn’t mean they have to inherently be bad. Obviously if you execute a concept in the worst way imaginable it’s going to suck, that’s not rocket science.
Cool, call me when that comes to the Detroit area I guess. I’ll probably be dead though cuz it ain’t happening.
There’s a principle in economic analysis called “Ceteri paribus”, “other things equal”. So, if you’re renting in the image on the right, you’re also renting on the image on the left.
You lost me at buying a small house