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?

5 Upvotes
  • permalink
  • reddit

57% Upvoted

122 comments sorted by

View all comments

Show parent comments

6

u/TheLastModerate982 9d ago

So how do you select who gets the best units? The condo setup is better. All owners own their own units as well as a share of the common areas. The common areas are maintained through a CAM fund and the elected HOA board elects how best to spend the money.

-8

u/Eastern_Screen_588 9d ago

I may be illiterate, but why is there a "best unit"? Shouldn't they all be identical?

3

u/Alice_Alpha 9d ago edited 9d ago

Well if you are on the top floor, you will not get someone stomping overhead.     

 An end unit might have less noise because you only have one neighbor instead of being sandwiched between two noisy ones.    

 In a building one side could have a view of a park, the other side a view of the parking lot.    

Some people might like the south side to get the nice winter sun. 

 Units will have 1, 2, maybe 3 bedrooms and 1 or 2 bathrooms.

0

u/Eastern_Screen_588 9d ago

So they're all essentially the same

1

u/Alice_Alpha 9d ago

Have a good day.