return2ozma@lemmy.world to News@lemmy.world · 7 months agoL.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sellwww.latimes.comexternal-linkmessage-square269fedilinkarrow-up1837arrow-down111file-textcross-posted to: usnews@lemy.lol
arrow-up1826arrow-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 · 7 months agomessage-square269fedilinkfile-textcross-posted to: usnews@lemy.lol
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up2·7 months agoIt sounds like they’re saying the tenants would be, like a housing co op.
minus-squareCableMonsterlinkfedilinkarrow-up1·7 months agoHow would they get ownership of the real estate they live in?
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up1·7 months agoThat depends on if it’s an ownership cooperative or a non-equity cooperative. https://en.wikipedia.org/wiki/Housing_cooperative#Ownership
minus-squareCableMonsterlinkfedilinkarrow-up1arrow-down1·7 months agoThats fine and is already available. Most people just dont want to live like this if they have the option.
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.