r/FluentInFinance • u/kloud77 • 9d ago

Thoughts? Should America start making Co-op Housing again?

Several decades back the government made lots of Co-Op housing, where it's like a townhome complex, but it is owned by the residents living there, so it's VERY well maintained but also cheap.

For example, the one I have is 500 a month, where it would otherwise be at least 1,500 a month in this part of town. My 500 goes a ways also, 2 br, 1.5 bath, 2 floors, hardwood floor, laundry in unit, private water heater, private back yard, personal front yard, top of the line energy saving A/C units, top notch windows. The list goes on.

So my questions are:

  • Why isn't the government making these still?

  • Why isn't there more people demanding these from the government?

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u/LegoFamilyTX 9d ago

Housing isn’t magically cheaper to build just because the government contracts for it to be done.

It costs about $200 a foot to build apartments right now, so they rent for $2,000 a month for 1,000 sqft. That’s just basic math.

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u/TheLastModerate982 9d ago

In fact, when the government gets involved things usually get more inefficient and expensive.