this post was submitted on 20 Jun 2023
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Housing coop is how you do it. Basicly a bunch of people buy or build an apartment building together and own it together. Since apartments are cheaper then single family houses, this reduces costs for everybody involved. Due to owning a stake in the coop, the tenants can not be kicked out and rents do not increase that much as long as debt is paid back and well maintanence is an issue as well. The problem is that you need a good bit of money to get started and qualify for a bank loan.
That makes a lot of sense, thank you! I'm genuinely going to look into this as a concept.