nytimes.com/2020/10/13/magazine/rental-housing-crisis-minneapolis.html --71.211.xxx.xxx

The Tenants Who Evicted Their Landlord! --71.211.xxx.xxx

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Wow there are some powerful nuggets mixed in there. Must read for sure. Whezz .thanks for sharing that. --99.203.xxx.xxx

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Certainly interesting but there were some things I picked up on, roaches, leaking roofs, refusal to keep property up, underhanded dealing to still own property after being stripped of that due to failure to upkeep property. I’m not saying there isn’t a movement beginning but I don’t think my tenants want to own the building. They prefer to call me to deal with things. When they want to own they leave and purchase. --73.17.xx.xxx

Nothing new but problem is if there is universal health care where modern medicine is expensive then where is the money going to come from. It is not uncommon for a smaller apartment building where they are losing a $100,000 dollars per year in operating costs where that is not sustainable. There is not enough money in the entire provincial treasury to buy out all the rental housing then maintain it to decent standards. While non profit may sound great but in reality when someone is managing other peoples money it is going to spent well. With the huge deficient as a result of pandemic that seems less feasible. The problem is the extreme left wing tenancy advocates do not even understand the operating costs of running a rental apartment building as the chairs actually own their houses. They allege about the problem that exist in less one per cent of the apartment buildings when they have legislated slums which is called rent control. Unless there is a dictatorship then this pipe dream will never become reality in democratic elected government. Some tenants buy their houses then reality hits where the expensive cost of repairs such as replacing a roof, furnace, windows, plumbing repairs, electrical work is not cheap. --147.194.xxx.xx

Good luck to the new coop owners. Welcome to our world. --24.123.x.xxx

Sadly, I see a future where the government places a heavy hand on the rental economy, but to what extreme, I don't know. --108.69.xxx.xxx

Co-op housing is nothing new. It was popular and received a lot of news coverage in the 1970's. Most of them failed within 5-10 years. People didn't pay into them, the building fell into disrepair as a result, no money was put aside for major repairs, no one could sell their interest and they were sold out or foreclosed on. Same story different verse. Everyone thinks that landlords are making 90% of what they pay in rent when in reality it is more like 10%. When they figure out that they have traded their landlord for an equally heartless co-op and are only paying 10% less and are locked into having to stay in the same place because they are tied into the ownership they learn a hard lesson. I see no different outcome here, same rental situation, people are probably more entitled now, worse legal recourse for dealing with non-payers, same lack of business savy by the co-op leadership. If it does gain traction, the pendulum will swing in a few short years as it did before. --64.130.xx.xxx

Yeah I'm with Still Learning ... I've had some renters that end up purchasing a home and others that will never ... they call me when they have spiders in the house (sigh). --67.242.xx.xx

Perhaps transfer the deed to one of the mayor or governor staff and see the change occur. --76.188.xxx.xxx