return2ozma@lemmy.world to News@lemmy.world · 26 days agoL.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sellwww.latimes.comexternal-linkmessage-square334fedilinkarrow-up1868arrow-down114file-text
arrow-up1854arrow-down1external-linkL.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sellwww.latimes.comreturn2ozma@lemmy.world to News@lemmy.world · 26 days agomessage-square334fedilinkfile-text
minus-squareRagnarok314159@sopuli.xyzlinkfedilinkarrow-up2arrow-down1·25 days agoYou wouldn’t, u less it’s something like barracks housing. You would end up getting equity in your investment that you could sell otherwise, rather than throw away money.
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up2·24 days agoIt sounds like they’re saying the tenants would be, like a housing co op.
minus-squareCableMonster@lemmy.mllinkfedilinkarrow-up1·24 days agoHow would they get ownership of the real estate they live in?
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up1·24 days agoThat depends on if it’s an ownership cooperative or a non-equity cooperative. https://en.wikipedia.org/wiki/Housing_cooperative#Ownership
minus-squareCableMonster@lemmy.mllinkfedilinkarrow-up1arrow-down1·24 days agoThats fine and is already available. Most people just dont want to live like this if they have the option.
You wouldn’t, u less it’s something like barracks housing. You would end up getting equity in your investment that you could sell otherwise, rather than throw away money.
Then who would be the owner?
It sounds like they’re saying the tenants would be, like a housing co op.
How would they get ownership of the real estate they live in?
That depends on if it’s an ownership cooperative or a non-equity cooperative.
https://en.wikipedia.org/wiki/Housing_cooperative#Ownership
Thats fine and is already available. Most people just dont want to live like this if they have the option.