Why should you own the place you live in? Something like a housing cooperative is great. Also having single family housing in villages is fine. They are somewhat needed to run agricultural businesses and the like. Cities are great as a concentration of resources and talent lowers transport costs a lot and that makes everything more efficent. However they are mostly good at producing fresh produce and they can produce all they need realisticly. However we still need rural areas to produce other agricultural products.
Why should you own the place you live in? Something like a housing cooperative is great.
In housing cooperatives, don’t the residents own the building jointly?
I think the original source specifies owning, not renting, because in American capitalism, if you don’t own the place you live, the owner has a lot of power over you and a lot of ways to abuse that power. Renting sucks.
It depends on the cooperative, but the most common one, is that the cooperative owns the building and only residents can own shares. Those shares are only for sale to future residents and can only be bought and sold from and to the cooperative. Hence no free trading. Generally for older ones they tend to be rather cheap.
So yes the building is somewhat owned by the residents, but in many cases it is deliberatly turned into an awfull asset, which is unprofitable for the owners.
It sometimes feel like some people would rather force others to become homeowners than accept the fact that landlords (in any shape or form) might be necessary…
I’m not going to purchase a house if I know I don’t have the means to maintain it or if I know I’m moving temporarily.
Even when buying a house, you usually have to take a massive loan. Those take years to be paid back. Especially when you have to take them, before you actually have a high income. After all young adults do not tend to have high incomes.
Why should you own the place you live in? Something like a housing cooperative is great. Also having single family housing in villages is fine. They are somewhat needed to run agricultural businesses and the like. Cities are great as a concentration of resources and talent lowers transport costs a lot and that makes everything more efficent. However they are mostly good at producing fresh produce and they can produce all they need realisticly. However we still need rural areas to produce other agricultural products.
In housing cooperatives, don’t the residents own the building jointly?
I think the original source specifies owning, not renting, because in American capitalism, if you don’t own the place you live, the owner has a lot of power over you and a lot of ways to abuse that power. Renting sucks.
It depends on the cooperative, but the most common one, is that the cooperative owns the building and only residents can own shares. Those shares are only for sale to future residents and can only be bought and sold from and to the cooperative. Hence no free trading. Generally for older ones they tend to be rather cheap.
So yes the building is somewhat owned by the residents, but in many cases it is deliberatly turned into an awfull asset, which is unprofitable for the owners.
It sometimes feel like some people would rather force others to become homeowners than accept the fact that landlords (in any shape or form) might be necessary…
I’m not going to purchase a house if I know I don’t have the means to maintain it or if I know I’m moving temporarily.
Even when buying a house, you usually have to take a massive loan. Those take years to be paid back. Especially when you have to take them, before you actually have a high income. After all young adults do not tend to have high incomes.