this post was submitted on 16 Sep 2024
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Is a housing cooperative a landlord?
Anyone youre paying for the ability to live on/in their property is your landlord
Do you understand the concept of a housing cooperative?
No,just the concrete facts lessee/lessor and having dealt with shady versions of the latter
Ah, a housing cooperative is where everyone who lives on the property has an ownership stake in the property. There's a bunch of different ways to organize it, but that's the general idea. You don't have a landlord so much a neighbors that you make decisions with when something needs to get done that will impact multiple owners. Anything that only impacts your own space is totally your call.
And that is exactly the point. In a housing cooperative the owner is the homeowners association of which all tenents are members. If done right that means cheap rents and decent upkeep, as soon as the debts are paid off.
And as usual just like reddit, truth gets downvoted. Too much to handle it seems