[awongh]

> end the various implicit and explicit subsidies on mortgages and homeownership, keep speculators, investors, and big developers out of the market, and focus on owner occupied dwellings

Yes, totally agree. I think my impression of TIC is that it's a legal loophole because condo-izing buildings isn't politically tenable, but offering a worse option is. A TIC owner still owns an asset but now it's just devalued because it's harder to sell.

My original thought was that a true co-op without the pressure of the owners accumulating pent-up capital in their home would be a healthier situation. Maybe that lost value can basically be recouped to make the overall cost of ownership lower. Maybe a different co-op legal structure makes it easier to pay a true market rate to live in an owner occupied dwelling, for a slightly different definition of "owner" (someone who doesn't plan to profit off the appreciation of their home, but still "owns" a place to live).