this post was submitted on 21 Mar 2025
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We could have co-op's, instead we have profits. I wish you all the luck in buying your own home. But for me, where I'm at, I will forever pay rent to never own anything. Forever a second class citizen. All these apartments I've lived in with rents calculated not by necessity, but by what the market will bear. I'm pissed, and I think you should be too.
Your problem is with capitalism, not landlords.
The landlord would be the capitalist in this scenario, no?
Everyone is, some are just in better positions than others.
To me, this very much seems like a "don't hate the player, hate the game" type of situation. It's like companies not paying their "fair" share of taxes - they're just following the laws. It's up to us to change them if we don't like it, just like the issue of having soulless corporations as landlords.
That's fair
Right?
Yup, it's pretty disgusting when rents are allowed to increase by inflation (or more) instead of the average salaries.
Co-ops do exist, but they are so rare. I wonder how hard it is to start my. Own co-op?
Idk the specifics, but I know the cards are stacked against it. It's tougher to find banks that will do business with you, and a lot of the tax breaks homeowners, condo owners too, get, aren't available to co-op's.
It makes sense because if you can't pay your loans, the bank will literally take your house, so it's win win for them. If you can't pay the rest of the co-op, they only get some shares of a building full of hippies 😬 gotta get rich first, then I can make my own co-op.