@return2ozma to News • 6 months agoL.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sellwww.latimes.comexternal-linkmessage-square330arrow-up1868arrow-down114file-textcross-posted to: [email protected]
arrow-up1854arrow-down1external-linkL.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sellwww.latimes.com@return2ozma to News • 6 months agomessage-square330file-textcross-posted to: [email protected]
minus-square@[email protected]linkfedilink1•6 months agoWhere do you get housing from if you just want to rent?
minus-square@[email protected]linkfedilink1•6 months agoYou wouldn’t, u less it’s something like barracks housing. You would end up getting equity in your investment that you could sell otherwise, rather than throw away money.
minus-square@[email protected]linkfedilinkEnglish2•6 months agoIt sounds like they’re saying the tenants would be, like a housing co op.
minus-square@[email protected]linkfedilink1•6 months agoHow would they get ownership of the real estate they live in?
minus-square@[email protected]linkfedilinkEnglish1•6 months agoThat depends on if it’s an ownership cooperative or a non-equity cooperative. https://en.wikipedia.org/wiki/Housing_cooperative#Ownership
minus-square@[email protected]linkfedilink0•6 months agoThats fine and is already available. Most people just dont want to live like this if they have the option.
Where do you get housing from if you just want to rent?
You wouldn’t, u less it’s something like barracks housing. You would end up getting equity in your investment that you could sell otherwise, rather than throw away money.
Then who would be the owner?
It sounds like they’re saying the tenants would be, like a housing co op.
How would they get ownership of the real estate they live in?
That depends on if it’s an ownership cooperative or a non-equity cooperative.
https://en.wikipedia.org/wiki/Housing_cooperative#Ownership
Thats fine and is already available. Most people just dont want to live like this if they have the option.