• throwwyacc@lemmy.world
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    9 months ago

    I’m not sure I’d agree that corporate ownership is necessarily bad If you want to rent an apartment because you don’t want to buy into a co-op then how do you go about this? Someone needs to own the apartment to rent to you Personally I don’t mind if that initial investment comes from a person or a corporation

      • Olgratin_Magmatoe@startrek.website
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        9 months ago

        That’s how a lot of co-ops works. Or maybe it’s called non-market rental. I don’t remember the exact name but it’s definitely a thing.

        Either way, landlord parasites are not needed.

      • throwwyacc@lemmy.world
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        9 months ago

        Who are you paying? Other owners of the apartment? So they put in extra up front so they can rent to you? If so do you get to pay back their initial investment over time? If it’s non profit does that mean they can’t take anything in excess of what they paid or do they get payed x amount over the top?

        I’m fine with co-ops generally but when it comes to rentals I just don’t see how you’d make a “not for profit” rental But I mean if someone wants to set one up and prove me wrong that’d be cool. In theory nothing is stopping them

        • explodicle@local106.com
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          9 months ago

          I was actually asking a question. So anyhoo I just Googled it and it’s called a “zero equity co op” if you’re curious.