Other than like O’Neill cylinders in cislunar space, or sod roofed community long houses.
Never mind that ending commodity housing destroys western civilization.
Other than like O’Neill cylinders in cislunar space, or sod roofed community long houses.
Never mind that ending commodity housing destroys western civilization.
Housing co-ops come to mind as an alternative. You buy into the co-op similar to a down payment but usually much lower amount ($10 000 vs $50 000- $250 000 here) and are returned that buy in if you ever leave. Rent goes into a shared equity fund used to pay off mortgages (say for the land and buildings if new build) or for major renovations if an established co-op. Rents are far lower than market value (1/3 to 1/4 the market rate locally) so it’s affordable for everyone.
Around here everyone has to do a hour or so of volunteer work in the co-op, but it all goes to improving everyone’s living.
Housing shouldn’t be an investment, it should be a basic right for every person.
I remember reading about these once before. What countries are they popular in?
How is the deposit and the rent so low? Like someone needs to pay for the land and the build.
IIRC when you really get down to it it’s the same as any condominium but there’s a prohibition against renting to third parties, so
Sort of like the investors were eliminated without any of the tricky murdery stuff that .ml likes so much. Sounds good.
Interesting how the price drops so much when you just ban renting apartments out :P
Yeah, no one wants to live with people like this?
Here in Canada they are fairly popular, I believe a lot were built in the 70s-90s but not as much anymore. They can require government assistance to get going, but they’re incredibly effective for housing people if you can get in. I know a couple people in them and they’re paying peanuts compared to market rates.
https://www.lowestrates.ca/blog/homes/how-does-co-op-housing-work-canada
Sure, but again there’s no magical solution to the problem of buying land and building dwellings.
Basically, if you already have free land and buildings then you could start a co-op.
If you need th government to provide the free land and buildings then its comparable to other government housing projects.
There are alot of housing co-ops here in NSW, Australia.
Here’s the website of one with some good info: Goolawah Co-operative
Edit: Another good info website: https://www.ecovillages.au/
Can you buy in for 10k and pay a quarter of the rent of a comparable dwelling?
Edit: for goolawah, you have to buy a share from a member who is selling a share, at a negotiated price. So basically, you buy the land or house at market value.
From what I have read in the past, there are different models that different coops follow. Most have a limit on the number of dwellings, both from the government and coop planning, if they have hit the max number you would have to purchase from an existing member. From the coop properties I’ve looked at, they can be well below market rate but that’s because you are buying into a community and there are expectations and responsibilities not found in non-coop living. A little like American HOAs.
There are some coops that have strict requirements to join, like womens only coops or some that follow certain beliefs(environmental, political or spiritual and some can feel a bit cult-like). You can’t demand market rates when you have such heavy restrictions and demands of property owners.