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-square313fedilinkarrow-up11arrow-down10file-text
arrow-up11arrow-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-square313fedilinkfile-text
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up0·25 days agoIt sounds like they’re saying the tenants would be, like a housing co op.
minus-squareCableMonster@lemmy.mllinkfedilinkarrow-up0·24 days agoHow would they get ownership of the real estate they live in?
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up0·24 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-up0·24 days agoThats fine and is already available. Most people just dont want to live like this if they have the option.
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.