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by Yaa101 1749 days ago
We had housing cooperation's for a century until they were forced by consecutive right wing governments to sell their houses, and thus ruining a system that was well working, except for rich friends of the right wing government to speculate with the housing system, which is taking place now.
2 comments

One of the dumbest things to do with government owned land is to sell it. You get a quick injection of cash and then the money runs out just as quickly. Meanwhile the land keeps going up in value forcing the government to subsidize housing for low income earners. If the government kept the land it could lease it out at reasonable rates and have an ongoing income stream.
Shades of Berlin here. They sold land and buildings for very cheap to big companies like Deutsche Wohnen, and now there is a vote to buy back the properties at red-hot market prices and give people cheaper rent. Lose-lose in every way for the Berlin taxpayer.
And before that we had woningbouw verenigingen. Non profits ran by their tenants. Something like: God fearing church goers wouldn't stand for hard working newly wed couples not getting a home.
We are talking about the same... I said cooperation's, not corporations.