It's a tough "job" but someone "has to" do it
this post was submitted on 13 Mar 2025
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I think a key difference is that you have a bunch of people cooperating to buy more than any of them could on their own. Some costs are fixed or don't scale linearly, so by buying in together it can be more effective.
Also you don't always have to start from construction. You could do this by buying an extant building
You're basically describing a condo.