How is this new? There have been experiments with co-ops in various fields including housing since the 19th century.
Not all of them were unsuccessful, but their successes were mostly of local nature. A lot of the successes depended on favorable regulatory climate. Housing co-ops are significant players in some European countries and basically absent in neighboring ones, and differences in legal codes are the reason.
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How is this new? There have been experiments with co-ops in various fields including housing since the 19th century.
Not all of them were unsuccessful, but their successes were mostly of local nature. A lot of the successes depended on favorable regulatory climate. Housing co-ops are significant players in some European countries and basically absent in neighboring ones, and differences in legal codes are the reason.