this post was submitted on 16 Sep 2024
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[–] areyouevenreal@lemm.ee 7 points 3 months ago (1 children)

Typically apartment blocks are owned and managed by a HOA.

[–] VolumetricShitCompressor@lemmy.dbzer0.com 5 points 3 months ago (2 children)

That's where then fun starts. You "own" your apartment but can't do shit without approval by 20 nimbys. Also you pay into a HOA fund for general stuff.

Owning apartments is the worst of both worlds. Get a huge loan just and still don't get to do with your property what you want. It's "property" commodified and enshittyficated. But what can one do these days? Buy a house? hahahahaha.

[–] areyouevenreal@lemm.ee 6 points 3 months ago (1 children)

It seems only Americans actually have this problem though. Rarely here complaints over here about HOAs.

There are European countries that have similar systems for apartment buildings where every unit is owend by a different person.

[–] meowMix2525@lemm.ee 3 points 3 months ago* (last edited 3 months ago)

enshittyficated

Lmao. This argument isn't worth having.