[econ]

Here in NL we first went from non profits owned by the members to gov housing. They just took everything without payment. Then they privatized everything and the corporation got the houses for free. All was fine for a few years then profit became the only agenda point while they were already swimming in free money and didn't want to build. Building was not attractive compared to getting houses for free. All rents are now maximized to the legal limit of course. They also run various inspection teams to force people to make their neighborhood look more expensive so the value goes up so that the rent can be increased further. For maintenance one can call 1 hour per week. They pretty much have lavish offices full of overpaid paperclip maximizers who don't do anything anyone needs, on the contrary, things would be better if they did nothing.

To add to the irony there are also self-made landlords who do similar work on similar scale on their own! They are usually available for defects and damages day and night.

Back when the people owned the non profits they build and fixed everything asap on the cheap. It might even be better than owning the home directly.

[caycep]

There's maybe an analogous situation in New York's Chinatown in Manhattan but it is running into problems - a lot of buildings owned by community "neighborhood organizations" but my understanding is they are somehow running out of funds and might need to sell