For months, players have been complaining about high rents in the city-building sim. This week, developer Colossal Order fixed the problem by doing something real cities can’t: removing landlords.
Aren’t coops basically democratic condos? In Sweden we have “bostadsrätt” which are condos governed by a democratic resident association. They’re good for democratic control over housing, but they still require a mortgage and they’re still subject to market speculation. Some of the apartments can be rentals, but that still means you have a landlord, just that your landlord is your neighbors.
Having the city or the state as your landlord seems like it would be more ideal, or at least a balance of coops and public housing.
With condos, there’s a condo association that owns all the common areas. Then the association itself is owned by the owners of the units, and the management is elected by the owners.
With co-ops, the unit owners directly own the common areas in common, and the management is also elected by the owners.
Functionally speaking they’re very similar, and co-ops tend to exist in places where this legal structure predates the invention of homeowner associations (basically New York).
Aren’t coops basically democratic condos? In Sweden we have “bostadsrätt” which are condos governed by a democratic resident association. They’re good for democratic control over housing, but they still require a mortgage and they’re still subject to market speculation. Some of the apartments can be rentals, but that still means you have a landlord, just that your landlord is your neighbors.
Having the city or the state as your landlord seems like it would be more ideal, or at least a balance of coops and public housing.
The major benefit is that a co-op is owned by the people who live there.
That’s still a MASSIVE improvement over outside ownership by someone who is just there to make money.
It’s a step in a better direction, if maybe not the ideal solution.
For the U.S. at least:
With condos, there’s a condo association that owns all the common areas. Then the association itself is owned by the owners of the units, and the management is elected by the owners.
With co-ops, the unit owners directly own the common areas in common, and the management is also elected by the owners.
Functionally speaking they’re very similar, and co-ops tend to exist in places where this legal structure predates the invention of homeowner associations (basically New York).