this post was submitted on 08 Mar 2025
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A Boring Dystopia

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[–] Zorg@lemmy.blahaj.zone 11 points 22 hours ago (1 children)

Housing cooperatives (wiki) are quite great. Where I'm from they are rather common, but unfortunately the 'buy in' costs have increased a ton in the last couple decades. Even then, paying e.g. a third of what a comparable owner apartment costs, still makes it a lot more affordable for many people.

[–] thisfro@slrpnk.net 1 points 22 hours ago* (last edited 22 hours ago) (1 children)

Wait, do I understand correctly that in your place, the buy-in costs are roughly a third of the value (insured value or similar) of the appartment?

[–] Zorg@lemmy.blahaj.zone 1 points 15 hours ago

It was my rough estimate, from looking at both years ago. You do have a higher monthly payment, beyond shared expenses, but that varies greatly depending on things like how much debt the cooperative has.