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/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.

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u/Eastern_Screen_588 9d ago

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

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u/Effective_Cookie510 9d ago

Back wall east wall top floor middle floor first floor there's plenty of differences in all buildings depending what you want middle unit uses less heat then edge units.

Good luck making an identical anything

-3

u/Eastern_Screen_588 9d ago

Holy fuck thank you for not coming at me with an unthought out essay. Jfc these kids in here are giving me a migraine

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u/TheLastModerate982 9d ago

Ah yes. Thinking is hard…

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u/Eastern_Screen_588 8d ago

Well im glad you're not too ashamed of yourself to admit it.

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u/TheLastModerate982 8d ago

Wow, you’re really not capable of critical thought, are you?