this post was submitted on 06 Sep 2023
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I get that my text came off as sarcastic. I wasn't being clever.
Let me retry:
I think it sounds like a great idea but I have concerns such as, who will pay the community bills? Who will be in charge? And other related administrative duty questions.
Right, well again refer to the fact that this is a solved problem in many countries, including the US. Housing co-ops consist of a nonprofit cooperative organization that owns the building and then residents own the right to live in an apartment, which comes with a monthly fee for maintenance and voting rights within the co-op.
It's the same principle as HOAs owning and maintaining common infrastructure, just within a single building rather than a group of houses.